Indiabulls Real Estate approves allotment of 225000 shares

Indiabulls Real Estate Ltd has announced that upon exercise of stock options vested in terms of Indiabulls Real Estate Limited - Employees Stock Option Scheme 2006 by eligible employees and receipt of full consideration therefor, the Board of Directors of the Company at its meeting held on August 11, 2009, has allotted an aggregate of 2,25,000 (Two Lakhs Twenty Five Thousand) Equity shares of face value Rs 2/- each to such employees.

Consequent to the said allotment, the paid-up Equity share capital of the Company stands increased from Rs 80,22,30,478/- divided into 40,11,15,239 Equity shares of face value Rs 2/- each to Rs 80,26,80,478/- divided into 40,13,40,239 Equity shares of face value Rs 2/- each.

The stock closed the day at Rs.226.05, up by Rs.2 or 0.89%. The stock hit an intraday high of Rs.230.90 and low of Rs.214.

The total traded quantity was 2583135 compared to 2 week average of 2937959.

Source : Equity Bulls

Keywords