Avanceon Ltd’s share capital increases by over 2 million

By MG News | February 08, 2021 at 05:05 PM GMT+05:00

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February 8, 2021 (MLN): The Paid-up Capital of Avanceon Limited has been enhanced from 211,790,007 to 231,827,798 shares after CDC allotment of 2,037,791 shares to all eligible employees who have exercised their share option under Employee Share Option Scheme(s) as per below details:

ESOS Scheme(s)	Amount (Rs.)	No. of Shares Options	Rate per Share (Rs.)
2016 - 1st Tranche	14,263,701	849,029	16.80
2018 - 2nd Tranche	656,262	62,501	10.50
2019 - 1st Tranche	11,262,610	1,126,261	10.00

The closing market price for the aforementioned shares at the date of credit of shares into the respective CDC sub accounts of the entitled employees i.e. Friday, January 22, 2021 was Rs. 94.43 per share.

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