Kolte Patil Developers allots 48465 shares

Kolte-Patil Developers Ltd has announced that the Board of Directors of the Company at its meeting held on July 31, 2010, inter alia, has approved the allotment of 48,465 Equity Shares of the face value of Rs. 10/- each at an exercise price of Rs. 40/- per equity shares, against exercise of Employee Stock Options granted under Employees Stock Options Scheme, 2006. Consequent to the above-mentioned allotment of Equity Shares, the Paid up Capital of is increased from Rs. 75,63,25,370/- to Rs. 75,68,10,020/-.

The Board approved Fixed Deposit Scheme for the Financial Year 2010-11.

The stock closed the day at Rs.60.45, up by Rs.0.50 or 0.83%. The stock hit an intraday high of Rs.62.15 and low of Rs.59.10.

The total traded quantity was 1.72 lakhs compared to 2 week average of 0.88 lakhs.

Source : Equity Bulls

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