Shoppers Stop, leading retail stores operator, has announced that the compensation / remuneration committee of the company has allotted 22,936 equity share of Rs 5 each, on account of exercise of vested Employee Stock Options by employees of the Company under ESOP 2008 Schemes.
The stock had underperformed the market over the past one month till Feb. 25, 2014, falling 7.83% compared with the Sensex's 1.33% decline. It underperformed the market in past one quarter, declining 6.98% as against 1.20% rise in the Sensex.
Shares of the company declined Rs 3, or 0.77%, to trade at Rs 385. The total volume of shares traded was 162 at the BSE (12.57 p.m., Wednesday).