City Union Bank allots 851254 Equity Shares

The Compensation Committee of the Board of City Union Bank Ltd at its meeting held on March 21, 2012 allotted 8,51,254 equity shares under Series I and 6000 equity shares under Series II of Re. 1/- each pursuant to exercise of options by the eligible employees under City Union Bank Employees Stock Option Scheme 2008 CUB ESOS 2008.

The City Union Bank Ltd stock was trading at Rs.48, down by Rs.0.95 or 1.94%. The stock hit an intraday high of Rs.49.40 and low of Rs.47.40.

The total traded quantity was 0.17 lakhs compared to 2 week average of 3.40 lakhs.

Source : Equity Bulls

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