IBN18 Broadcast allots 204492 shares

IBN18 Broadcast Ltd has announced that pursuant to the exercise of ESOPs by the employees of the Company, the Allotment Committee of the Board of Directors of the Company at its meeting held on August 10, 2010, has allotted 2,04,492 equity shares of face value of Rs. 2/- each.

Consequently the paid up equity share capital of the Company has increase from Rs. 47,44,17,983/- comprising of 23,71,58,788 fully paid-up equity shares (Rs. 2/- paid-up per share) & 2,00,814 partly paid-up equity shares (Rs. 0.50 paid-up per share) to Rs. 47,48,26,967 comprising of 23,73,63,280 fully paid-up equity shares (Rs. 2/- paid-up per share) & 2,00,814 partly paid-up equity shares on which call amount is in arrear (Rs. 0.50 paid-up per share).

The stock was trading at Rs.98.60, up by Rs.0.80 or 0.82%. The stock hit an intraday high of Rs.99.65 and low of Rs.97.55.

The total traded quantity was 6895 compared to 2 week average of 85231.

Source : Equity Bulls

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