Development Credit Bank allots 16,300 Equity Shares Under ESOPs

Development Credit Bank Ltd has allotted 16,300 equity shares of Rs. 10/- each on March 30, 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 24,06,65,457 shares of Rs.10/- each.

The Development Credit Bank Ltd stock was trading at Rs.46.45, up by Rs.1.40 or 3.11%. The stock hit an intraday high of Rs.46.55 and low of Rs.45.25.

The total traded quantity was 4.66 lakhs compared to 2 week average of 4.37 lakhs.

Source : Equity Bulls

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