Moser Baer to allott shares under ESOP
Moser Baer to allott shares under ESOP Moser Baer India announced that eleven employees of the company have exercised >30,200 stock options and 15,100 bonus options, convertible into equal number of equity shares on Sep. 19, 2007. The company reported a substantial jump in net profit for the quarter ended June 2007. During the quarter, the company experienced a 48.98% rise in profit to Rs 96.42 million from Rs 64.72 million in the same quarter last year. Net sales for the quarter rose 3.03% to Rs 4,682.90 million compared with the corresponding quarter a year ago.
Shares of the company closed up Rs 4.45, or 1.47%, at Rs 307. The total volume of shares traded at the BSE was 142,742. (Wednesday).
