India Infoline allots 137225 Equity Shares upon Exercise of ESOPs

India Infoline Ltd has announced that the Compensation Committee of the Board of Directors of the Company has by a circular resolution on May 10, 2010, allotted 1,37,225 equity shares to the eligible employees upon exercise a stock options under Employee Stock Option Scheme 2005 and 2008.

Upon allotment, the equity base of the Company stand increased from 28,53,06,275 to 28,54,43,500 equity shares of Rs. 2/- each.

The stock was trading at Rs.103.70, down by Rs.3.50 or 3.26%. The stock hit an intraday high of Rs.107 and low of Rs.103.45.

The total traded quantity was 202213 compared to 2 week average of 428688.

Source : Equity Bulls

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