the huge run seen quite unprecedented in any bear rally seen earlier. already started to loose the thrust of the huge bear rally globally. the factors the indicators all showing the booster doses by way of stimulai not able to sustain any kind of real thrust to the economy only providing with quick fix numbers with no fundamental improvement. be ready to see next round of recession even result to a depression while the inflation remains fairly high inspite of global plunging to depression as seen in the past.
Mahindra & Mahindra Ltd has informed BSE that the Company has pursuant to the approval of the Remuneration / Compensation Committee and the Board of Directors of the Company, on November 12, 2009, allotted 10,00,000 Ordinary (Equity) Shares of Rs. 10 each to the Trustees of Mahindra & Mahindra Employees Stock Option Trust at a premium of Rs. 714 per Share, making in the aggregate a total price of Rs. 724 per Share, under the Mahindra & Mahindra Limited Employees Stock Option Scheme of the Company.
This is in line with the approval of the Shareholders at the 54th Annual General Meeting held on July 31, 2000 and the 58th Annual General Meeting held on July 28, 2004 respectively.
The aforesaid 10,00,000 Ordinary (Equity) Shares rank pari passu in all respects
with the existing Ordinary (Equity) Shares of the Company.
| NIFTY 
