Lupin allots 326490 equity shares

Lupin Ltd has announced that the Allotment Committee of Directors at its meeting held on August 25, 2009, has allotted 326,490 fully paid up equity shares of Rs 10/- each.

The Company issued 32798 shares upon exercising the options granted to employees under the stock option plans of the Company.

293692 Shares were issued upon conversion of Zero Coupon Foreign Currency Convertible Bonds (FCCB) issued by the Company pursuant to the Offering Memorandum dated January 02, 2006.

In view of the above, the issued and paid up capital of the Company has been increased to Rs 846,852,070 consisting 84,685,207 equity shares of Rs 10/- each.

The stock was trading at Rs.1000, down by Rs.0.45 or 0.04%. The stock hit an intraday high of Rs.1011 and low of Rs.995.80.

The total traded quantity was 1600 compared to 2 week average of 142591.

Source : Equity Bulls

Keywords