Ipca Laboratories allots 95500 Equity Shares under ESOS

Ipca Laboratories Ltd has announced that the Board of Directors of the Company at its meeting held on December 10, 2009, have been allotted 95,500 equity shares of Rs. 10/- each.

77,250 fully paid-up equity shares of Rs. 10/- each of the Company @ Rs. 200/- per equity share upon exercise of options by allottees to whom options were granted on September 23, 2006 under Ipca Laboratories Limited - Employee Stock Option Scheme 2006 (ESOS) and 18,250 fully paid-up equity shares of Rs. 10/- each of the Company @ Rs. 315/- per equity share upon exercise of options by allottees to whom options were granted on October 29, 2007 pursuant to Ipca Laboratories Limited - Employee Stock Option Scheme 2006 (ESOS).

The equity shares now allotted would rank pari-passu in all respect with the existing paid-up equity share capital of the Company.

With these allotments, the paid up equity share capital of the Company is now increased Rs. 25,03,12,810/- divided into 2,50,31,281 fully paid-up equity shares of Rs. 10/- each.

The stock was trading at Rs.980, up by Rs.8.65 or 0.89%. The stock hit an intraday high of Rs.994 and low of Rs.969.90.

The total traded quantity was 2697 compared to 2 week average of 5311.

Source : Equity Bulls

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