Divis Laboratories allots 861045 shares

Divis Laboratories Ltd has announced that Compensation Committee of Board of Directors in its meeting held on August 17, 2009 made the allotment 861045 equity shares of Rs 2/- each to the employees under ESOP 2006 Scheme of the Company. Consequent to the above allotment, the paid up share capital of the Company will get increased to 130556995 equity shares from 129695950 equity shares of face value of Rs 2/- each.

The stock was trading at Rs.477.50, down by Rs.6.95 or 1.43%. The stock hit an intraday high of Rs.489 and low of Rs.470.

The total traded quantity was 55224 compared to 2 week average of 91436.

Source : Equity Bulls

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