Development Credit Bank allots 51205 Equity Shares under ESOP

Development Credit Bank Ltd has allotted 51,205 Equity Shares comprising 1200 Equity Shares of Rs. 10/- each at a premium of Rs. 8.80 per share, 3000 Equity Shares of Rs. 10/- each at a premium of Rs. 28.90 per share and 47,005 Equity Shares of Rs. 10/- each at a premium of Rs. 30/- per share on March 15, 2012 pursuant to the exercise of Stock Options in terms of the Employee Stock Option Plan.

The Development Credit Bank Ltd stock was trading at Rs.45.50, down by Rs.1 or 2.15%. The stock hit an intraday high of Rs.47.75 and low of Rs.45.15.

The total traded quantity was 4.36 lakhs compared to 2 week average of 4.74 lakhs.

Source : Equity Bulls

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