India Infoline allots 661350 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 July 08, 2010, allotted 6,61,350 equity shares to the eligible employees upon exercise of stock options under Employee Stock Option Scheme 2005 and 2008.

Upon allotment, the equity base of the Company stand increased from 28,59,22,575 to 28,65,83,925 equity shares of Rs. 2/- each.

The stock closed the day at Rs.94.05, up by Rs.1.15 or 1.24%. The stock hit an intraday high of Rs.94.60 and low of Rs.93.75.

The total traded quantity was 202017 compared to 2 week average of 268258.

Source : Equity Bulls

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