Indiabulls Financial Services allots 110681 Equity Shares

Indiabulls Financial Services Ltd has announced that upon exercise of stock options vested in terms of (1) IBFSL-ICSL Employees Stock Option Plan -2006 and (2) IBFSL-ICSL Employees Stock Option Plan II-2006, by the eligible employees and receipt of full consideration therefor, the Board of Directors of the Company at its meeting held on August 27, 2009, has allotted an aggregate of 1,10,681 (One Lac Ten Thousand Six Hundred Eighty One) Equity shares of face value Rs 2/- each to such employees, being 75,654 Equity shares allotted under IBFSL-ICSL Employees Stock Option Plan -2006 and 35,027 Equity shares allotted under IBFSL-ICSL Employees Stock Option Plan II-2006.

Consequent to the said allotment, the paid-up Equity share capital of the Company stands increased from Rs. 61,95,40,238/- divided into 30,97,70,119 Equity shares of face value Rs. 2/- each to Rs 61,97,61,600/- divided into 30,98,80,800 Equity shares of face value Rs. 2/- each.

The stock closed the day at Rs.195.25, down by Rs.1.95 or 0.99%. The stock hit an intraday high of Rs.196.50 and low of Rs.191.75.

The total traded quantity was 306358 compared to 2 week average of 515678.

Source : Equity Bulls

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