Lupin allots 536457 Equity shares

Lupin Ltd has announced that the Allotment Committee of Directors at its meeting held on July 13, 2009, has allotted 5,36,457 fully paid up equity shares of Rs 10/- each.

Lupin has issued 465012 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 71445 shares upon 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 836,823,430 consisting 83,682,343 equity shares of Rs 10/- each.

The stock was trading at Rs.788, down by Rs.5.10 or 0.64%. The stock hit an intraday high of Rs.800 and low of Rs.760.05.

The total traded quantity was 1703 compared to 2 week average of 27995.

Source : Equity Bulls

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