NIIT Allots Equity Shares To Employees As Stock Option

NIIT Allots Equity Shares To Employees As Stock Option

The face value of the equity shares is Rs 2 each.

FPJ Web DeskUpdated: Sunday, October 22, 2023, 04:25 PM IST
article-image
NIIT Allots Equity Shares To Employees As Stock Option | Image Credit: Wikipedia (Representative)

NIIT Limited has announced that its Share Allotment Committee, in a meeting held on October 21, 2023, has successfully allotted 34,640 equity shares with a face value of Rs. 2 each. This allocation is in accordance with the terms of the Employee Stock Ownership Plan (ESOP) 2005, the company announced through an exchange filing.

The face value of the equity shares is Rs 2 each.

The company is in the process of finalizing all necessary formalities related to the listing of these shares and will soon submit a listing application, along with the requisite documents, to the stock exchange for approval to commence trading.

NIIT Limited shares

The shares of NIIT Limited on Friday at 3:30 om closed at Rs 118.05, down by 1.71 percent.

RECENT STORIES

'Fortunate To Get A Chance To Develop Navi Mumbai Airport': Gautam Adani Calls NMIA Launch A...

'Fortunate To Get A Chance To Develop Navi Mumbai Airport': Gautam Adani Calls NMIA Launch A...

NBCC Buys Land In Dubai For AED 15 Million To Develop Mixed-Use Project, Marks Overseas Realty Foray

NBCC Buys Land In Dubai For AED 15 Million To Develop Mixed-Use Project, Marks Overseas Realty Foray

JK Tyre Completes Merger Of Cavendish Industries, Strengthening Scale And Operational Synergies

JK Tyre Completes Merger Of Cavendish Industries, Strengthening Scale And Operational Synergies

Housing Sales Dip 16 Per Cent To 98,019 Units In Oct–Dec Across Top 9 Cities: PropEquity

Housing Sales Dip 16 Per Cent To 98,019 Units In Oct–Dec Across Top 9 Cities: PropEquity

Rupee Slides 16 Paise To 89.79 Against Dollar As Foreign Fund Outflows and Bullion Demand Offset RBI...

Rupee Slides 16 Paise To 89.79 Against Dollar As Foreign Fund Outflows and Bullion Demand Offset RBI...