Lupin allots 13125 Equity Shares

Lupin Ltd has announced that the Allotment Committee of Directors at its meeting held on March 22, 2010 has allotted 13125 fully paid up equity shares of Rs. 10/- each. These shares have been allotted upon exercising of options granted to the employees under Stock Option plans of the Company.

In view of the above, the issued and paid up capital of the Company has been increased to Rs. 889,438,330 consisting 88,943,833 equity shares of Rs. 10/- each.

The stock closed the day at Rs.1643, up by Rs.33.30 or 2.07%. The stock hit an intraday high of Rs.1649.90 and low of Rs.1593.25.

The total traded quantity was 21816 compared to 2 week average of 23330.

Source : Equity Bulls

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