Lupin allots 311816 Equity shares

Lupin Ltd has announced that the Allotment Committee of Directors at its meeting held on June 19, 2009, has allotted 3,11,816 fully paid up equity shares of Rs 10/ each.

The company has issued 293691 shares upon conversion of Zero Coupon Foreign Currency Convertible Bonds (FCCB) issued by the Company pursuant to the Offering Memorandum dated January 02, 2006.

The company has issued 18125 shares iupon exercising the options granted to employees under the stock option plans of the Company.

In view of the above, the issued and paid up capital of the Company increased to Rs 831,458,860 consisting 83,145,886 equity shares of Rs 10/- each.

The stock closed the day at Rs.820.25, up by Rs.2.55 or 0.31%. The stock hit an intraday high of Rs.845 and low of Rs.811.

The total traded quantity was 10650 compared to 2 week average of 17407.

Source : Equity Bulls

Keywords