Tube Investments allots 60582 equity shares

Tube Investments of India Ltd has announced that the Company on August 11, 2010 has allotted 60,582 equity shares of Rs. 2/- each.

4,896 Shares were allotted at an exercise price of Rs. 44.45/- per share, 21,984 Shares were allotted at an exercise price of Rs. 56.80/- per share and 33,702 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 18,48,99,296 to 18,49,59,878 and the paid up equity share capital from Rs. 36,97,98,592/- to Rs. 36,99,19,756/-.

The stock closed the day at Rs.126, down by Rs.0.90 or 0.71%. The stock hit an intraday high of Rs.128.60 and low of Rs.124.20.

The total traded quantity was 38268 compared to 2 week average of 42490.

Source : Equity Bulls

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