Divis Laboratories allots 187550 shares

Divis Laboratories Ltd has announced that Compensation Committee of Board of Directors at its meeting held on October 30, 2009 made the allotment of 187550 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 130744545 equity shares from 130556995 equity shares of face value Rs 2/- each.

The stock closed the day at Rs.531.65, down by Rs.7.85 or 1.46%. The stock hit an intraday high of Rs.564 and low of Rs.529.

The total traded quantity was 53184 compared to 2 week average of 58789.

Source : Equity Bulls

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