Tube Investments allots 100 shares under ESOP

Tube Investments of India Ltd has announced that the Committee of the Board of Directors vide its resolution dated March 18, 2010, has allotted 1000 equity shares of Rs.2/- each consequent upon the exercise of Stock Options by the eligible employees under the Employee Stock Option Scheme 2007. The exercise price in respect of these options was Rs. 56.80/- per share.

Further the Company informed that with this allotment, the number of equity shares outstanding has increased from 18,47,80,000 to 18,47,81,000 and the paid up equity share capital from Rs. 36,95,60,000/- to Rs. 36,95,62,000/-.

The stock was trading at Rs.76.60, up by Rs.0.10 or 0.13%. The stock hit an intraday high of Rs.76.95 and low of Rs.76.35.

The total traded quantity was 8443 compared to 2 week average of 48648.

Source : Equity Bulls

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