India Infoline allots 822975 Equity Shares upon exercise of ESOPs

India Infoline Ltd has announced that the Compensation Committee of the Board of Directors of the Company has by a Circular resolution on September 03, 2010, allotted 8,22,975 equity shares to the eligible employees upon exercise of stock options under Employee Stock Option Scheme 2005, 2007 and 2008.

Upon allotment, the equity base of the Company stand increased from 29,00,84,500 to 29,09,07,475 equity shares of Rs. 2/- each.

The stock closed the day at Rs.99.05, up by Rs.3.80 or 3.99%. The stock hit an intraday high of Rs.100.10 and low of Rs.95.80.

The total traded quantity was 1873586 compared to 2 week average of 481925.

Source : Equity Bulls

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