City Union Bank allots 1716111 Equity Shares

City Union Bank Ltd has announced that the Compensation Committee of the Board at its meeting held on July 31, 2010 allotted 17,16,111 equity shares of Re. 1/- each pursuant to exercise of options by the eligible employees under City Union Bank Employees Stock Option Scheme 2008 (CUB ESOS-2008 - Series I) - Tranche 1.

The stock was trading at Rs.39.85, up by Rs.0.30 or 0.76%. The stock hit an intraday high of Rs.42 and low of Rs.39.65.

The total traded quantity was 499633 compared to 2 week average of 357804.

Source : Equity Bulls

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