Divis Laboratories allots 387095 shares

Divis Laboratories Ltd has announced that the Compensation Committee of Board of Directors in its meeting held on August 12, 2010 made the allotment of 387095 equity shares of Rs. 2/- each to the employees under ESOP 2006 Scheme of the Company. Consequent to the above allotment, the paid up share capital of the Company will get increased to 132531240 equity shares from 132144145 equity shares of face value Rs. 2/- each.

The stock closed the day at Rs.748.05, down by Rs.2.35 or 0.31%. The stock hit an intraday high of Rs.763.50 and low of Rs.740.10.

The total traded quantity was 42683 compared to 2 week average of 17721.

Source : Equity Bulls

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