The board of Indiaco Ventures has allotted 22,625 shares which have been exercised by the employees in pursuance of the ESOP Scheme, 2007 at an exercise price of Rs 35 & Rs 38 per share.
The board has also taken on record the resignation received from Sasha Mirchandani, independent director of the company and taken on record the consent of Sasha Mirchandani for joining the board of advisors of the company.
This was allotted at the board meeting held on 27 October 2009.