UTI Asset Management Company Limited on Thursday announced that the hat Nomination and Remuneration Committee of UTI Asset Management Company Limited has approved the allotment of 1,593 equity shares of face value of Rs 10 each pursuant to the exercise of options by the eligible employees under ‘UTI AMC Employee Stock Option Scheme – 2007’, the company announced through an exchange filing.
The face value of the equity shares is Rs 10 each.
Post the allotment, the issued and paid-up share capital of the Company shall be increased from Rs 1,27,24,53,410 (12,72,45,341 equity shares of face value of Rs 10 each) to Rs 1,27,24,69,340 (12,72,46,934 equity shares of face value of Rs 10 each).
The new equity shares shall rank pari-passu in all respects with the existing equity shares.
UTI Asset Management Company Limited shares
The shares of UTI Asset Management at 1:13 pm IST were trading at Rs 858.40, up by 0.099 per cent.
