Ipca Laboratories allots 14250 Equity Shares under ESOS

Ipca Laboratories Ltd has announced that the Board of Directors of the Company at its meeting held on January 21, 2010, inter alia, have allotted 14,250 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 November 11, 2008 pursuant to Ipca Laboratories Ltd - Employee Stock Option Scheme 2008 (ESOS).

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

With this allotment, the paid up equity share capital of the Company is now increased to Rs. 25,04,55,310/- divided into 2,50,45,531 fully paid-up equity shares of Rs. 10/- each.

The stock closed the day at Rs.1182.55, down by Rs.10.35 or 0.87%. The stock hit an intraday high of Rs.1235 and low of Rs.1176.05.

The total traded quantity was 36830 compared to 2 week average of 30865.

Source : Equity Bulls

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