Lupin allots 238162 Equity Shares

Lupin Ltd has announced that the Allotment Committee of Directors at its meeting held on November 30, 2009 has allotted 238,162 fully paid up equity shares of Rs. 10/- each.

34210 Shares were issued upon exercising the options granted to employees under the stock option plans of the Company. 203952 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. 888,564,290 consisting 88,856,429 equity shares of Rs. 10/- each.

The stock was trading at Rs.1380.10, up by Rs.19.80 or 1.46%. The stock hit an intraday high of Rs.1396.90 and low of Rs.1370.

The total traded quantity was 7761 compared to 2 week average of 30870.

Source : Equity Bulls

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