Indiabulls Financial Services allots 171572 Equity Shares

Indiabulls Financial Services Ltd has announced that upon exercise of stock options vested in terms of (1) IBFSL-ICSL Employees Stock Option Plan - 2006 (2) IBFSL - ICSL Employees Stock Option Plan 11 - 2006 and (3) Employees Stock Option Plan - 2008, by certain eligible employees and receipt of full consideration therefore, the Board of Directors of the Company at its meeting held September 01, 2010, has allotted an aggregate of 85,786 (Eighty Five Thousand Seven Hundred And Eighty Six) Equity shares of face value Rs. 2/- each to such employees, being 4,248 Equity shares allotted IBFSL - ICSL Employees Stock Option Plan - 2006, 3,828 Equity shares allotted under IBFSL - ICSL Employees Stock Option Plan II - 2006 and 77,710 Equity shares allotted under Employees Stock Option Plan - 2008.

Consequent to the said allotment, the paid-up Equity share capital of the Company stands increased from Rs. 62,05,11,684/- divided into 31,02,55,842 Equity shares of face value Rs. 2/- each to Rs. 62,06,83,256/- divided into 31,03,41,628 Equity shares value Rs. 2/- each.

The stock was trading at Rs.140.70, down by Rs.0.80 or 0.57%. The stock hit an intraday high of Rs.143.40 and low of Rs.140.20.

The total traded quantity was 191322 compared to 2 week average of 316034.

Source : Equity Bulls

Keywords