Development Credit Bank allots 51205 Equity Shares under ESOPs

Development Credit Bank Ltd has allotted 51,205 equity shares of Rs. 10/- each on March 15, 2012, pursuant to the terms of the Employee Stock Option Plan (ESOPs) of the Bank. Post allotment, Bank's issued and paid up share capital has increased to 22,00,07,769 shares of Rs. 10/- each.

The Development Credit Bank Ltd stock was trading at Rs.46.50, down by Rs.1.25 or 2.62%. The stock hit an intraday high of Rs.48.40 and low of Rs.46.25.

The total traded quantity was 6.74 lakhs compared to 2 week average of 5.16 lakhs.

Source : Equity Bulls

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