Strides Arcolab allots 12000 Equity Shares

Strides Arcolab Ltd has announced that the Company has allotted 12,000 fully paid equity shares of Rs. 10/- each on conversion of employees stock options under Strides Arcolab ESOP 2008 Scheme.

Consequent to the allotment, the paid up equity share capital of the Company has increased from Rs. 436,891,380 consisting of 43,689,138 equity shares of Rs. 10/- each to Rs. 437,011,380 consisting of 43,701,138 equity shares of Rs. 10/- each.

The stock closed the day at Rs.420.15, down by Rs.7.15 or 1.67%. The stock hit an intraday high of Rs.436.70 and low of Rs.419.35.

The total traded quantity was 0.60 lakhs compared to 2 week average of 0.40 lakhs.

Source : Equity Bulls

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