Lupin allots 620940 equity shares

Lupin Ltd has announced that the Allotment Committee of Directors at its meeting held on September 22, 2009, has allotted 620,940 fully paid up equity shares of Rs 10/- each.

The company issued 611860 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 issued 9080 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 has been increased to Rs 861,711,400 consisting 86,171,140 equity shares of Rs 10/- each.

The stock was trading at Rs.1081.05, down by Rs.6.85 or 0.63%. The stock hit an intraday high of Rs.1109 and low of Rs.1080.

The total traded quantity was 4077 compared to 2 week average of 34194.

Source : Equity Bulls

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