Tube Investments allots 55230 equity shares

Tube Investments of India Ltd has announced that the Company on July 12, 2010 has allotted 55,230 equity shares of Rs. 2/- each including 5,508 Shares at an exercise price of Rs. 44.45/- per share, 31,850 Shares at an exercise price of Rs. 56.80/- per share and 17,872 Shares at an exercise price of Rs. 62.85/- per share.

The above allotments are consequent upon the exercise of Stock Options by the eligible employees under the Employee Stock Option Scheme 2007.

Further the Company has informed that, with this allotment, the number of equity shares outstanding has increased from 18,48,44,066 to 18,48,99,296 and the paid up equity share capital from Rs. 36,96,88,132/- to Rs. 36,97,98,592/-.

The stock closed the day at Rs.127.45, up by Rs.1.95 or 1.55%. The stock hit an intraday high of Rs.130 and low of Rs.125.20.

The total traded quantity was 133465 compared to 2 week average of 72646.

Source : Equity Bulls

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