Tube Investments of India allots 84688 equity shares

Tube Investments of India Ltd has announced that the Company on August 31, 2010 has allotted 84,688 equity shares of Rs. 2/- each.

4,320 Shares at an exercise price of Rs. 24.25/- per share, 7,308 Shares at an exercise price of Rs. 44.45/- per share, 24,800 Shares at an exercise price of Rs. 56.80/- per share and 48,260 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 18,49,59,878 to 18,50,44,566 and the paid up equity share capital from Rs. 36,99,19,756/- to Rs. 37,00,89,132/-.

The stock was trading at Rs.128.50, down by Rs.0.70 or 0.54%. The stock hit an intraday high of Rs.134.70 and low of Rs.127.50.

The total traded quantity was 0.60 lakhs compared to 2 week average of 0.65 lakhs.

Source : Equity Bulls

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