Oracle Financial Services Software, a company engaged in providing products and services to the financial services industry, announced that the ESOP allotment committee allotted 5,680 equity shares of face value of Rs 5 each to the eligible employees of the company who have exercised their stock options under the Employee Stock Option Scheme 2002, Employee Stock Option Scheme 2010 and Employee Stock Option Scheme 2011.
These shares are pari passu with the existing equity shares of the company, in all respects. In this allotment, no shares are allotted to Directors.
With this allotment, the paid up capital of the company increased to Rs 420,672,925 divided into 84,134,585 equity shares of face value of Rs 5 each. 4,550, 18x FY16E earnings estimate.
Shares of the company gained Rs 2.80, or 0.09%, to settle at Rs 3,077.95. The total volume of shares traded was 664 at the BSE (Wednesday).