ITC allots shares under ESOS
ITC allots shares under ESOS >ITC, on Sep. 18, 2007, issued and allotted 864,800 ordinary shares of Rs 1 each, upon exercise of 86,480 options by employees under the ITC (Q, N,C,F)* employee stock option scheme (ESOS). Consequently with effect from Sep. 18, 2007, the issued and subscribed share capital of the company stands increased to Rs 3,763,943,720.
ITC reported a good increase in net profit for the quarter ended in June 2007. During the quar ter, the company witnessed a 20.02% rise in profit to Rs 7,828.70 million from Rs 6522.80 million in the same quarter last year.
Sales for the quarter rose 16.68% to Rs 33,252.30 million compared with the corresponding quarter, a year ago.
Shares of the company declined Rs 2.95, or 1.55%, to settle at Rs 187.85. The total volume of shares traded was 851,858 at the BSE.(Monday)
