Indiabulls Financial Services allots 282031 Equity Shares pursuant to exercise of stock options

Indiabulls Financial Services Ltd has announced that, upon exercise of stock options vested in terms of (1) IBFSL-ICSL Employees Stock Option Plan - 2006 (2) IBFSL - ICSL Employees Stock Option Plan II - 2006 and (3) Employees Stock Option Plan - 2008, by certain eligible employees and receipt of full consideration therefor, the Board of Directors of the Company at its meeting held on May 24, 2010, has allotted an aggregate of 2,82,031 (Two Lac Eighty Two Thousand And Thirty One) Equity shares of face value Rs. 2/- each to such employees, being 75,028 Equity shares allotted under IBFSL ICSL Employees Stock Option Plan - 2006, 5,016 Equity shares allotted under IBFSL - ICSL Employees Stock Option Plan II-2006 and 2,01,987 Equity shares allotted under Employees Stock Option Plan - 2008.

Consequent to the said allotment, the paid-up Equity share capital of the Company stands increased from Rs. 61,99,47,622/- divided into 30,99,73,811 Equity shares of face value Rs. 2/- each to Rs. 62,05,11,684/- divided into 31,02,55,842 Equity shares of face value Rs. 2/- each.

The stock was trading at Rs.136.40, down by Rs.6.65 or 4.65%. The stock hit an intraday high of Rs.142.65 and low of Rs.134.80.

The total traded quantity was 216018 compared to 2 week average of 533369.

Source : Equity Bulls

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