Mahindra & Mahindra Ltd. has informed the Exchange vide its letter dated November 12, 2009, that: "The Company has pursuant to the approval of the Remuneration / Compensation Committee and the Board of Directors of the Company, today 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 31st July, 2000 and the 58th Annual General Meeting held on 28th July, 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".
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