Lupin allots 102800 Equity Shares

Lupin Ltd has announced that the Allotment Committee of Directors at Its meeting held on September 20, 2010 has allotted 102800 fully paid up equity shares of Rs. 2/- each. These shares have been allotted upon exercising of options granted to the employees under Stock Option plans of the Company.

In view of the above, the issued and paid up capital of the Company has been increased to Rs. 89,13,50,840 consisting 44,56,75,420 equity shares of Rs. 2/- each.

The stock was trading at Rs.389.85, up by Rs.2.25 or 0.58%. The stock hit an intraday high of Rs.396 and low of Rs.387.05.

The total traded quantity was 2.18 lakhs compared to 2 week average of 3.04 lakhs.

Source : Equity Bulls

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