Lupin allots 736408 equity shares

Lupin Ltd has announced that the Allotment Committee of Directors at its meeting held on October 08, 2009 has allotted 736,408 fully paid up equity shares of Rs. 10/- each.

The company issued 10335 shares upon exercising the options granted to employees under the stock option plans of the Company.

The company issued 726073 shares 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. 869,075,480 consisting 86,907,548 equity shares of Rs. 10/- each.

The stock was trading at Rs.1285.65, up by Rs.12.05 or 0.95%. The stock hit an intraday high of Rs.1299 and low of Rs.1280.

The total traded quantity was 17050 compared to 2 week average of 48085.

Source : Equity Bulls

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