Redington (India), a business of supply chain management company, has announced that the ESOP share allotment committee of the directors of the company has considered and approved the allotment of 47,500 equity shares of Rs 2 each, pursuant to exercise of options granted under 'Redington (India) - Employee Stock Option Plan, 2008'.
The stock had underperformed the market over the past one month till Mar. 11, 2014, falling 10.34% compared with the Sensex's 7.18% rise. It underperformed the market in past one quarter, declining 8.39% as against 3.09% rise in the Sensex.
Shares of the company declined Rs 0.05, or 0.07%, to trade at Rs 68.30. The total volume of shares traded was 2,960 at the BSE (2.51 p.m., Wednesday).