Tube Investments allots 62340 equity shares

Tube Investments of India Ltd has announced that the Company on September 22, 2010 has allotted 62,340 equity shares of Rs. 2/- each.

The Board has allotted 4,320 Shares at an exercise price of Rs. 24.25/- per share, 4,496 Shares at an exercise price of Rs. 31.05/- per share, 25,442 Shares at an exercise price of Rs. 56.80/- per share and 28,082 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 18,50,94,378 to 18,51,56,718 and the paid up equity share capital from Rs. 37,01,88,756/- to Rs. 37,03,13,436/-.

The stock was trading at Rs.142.95, up by Rs.4.50 or 3.25%. The stock hit an intraday high of Rs.145.90 and low of Rs.137.55.

The total traded quantity was 630519 at an average price of Rs 143.97 resulting in a turnover of Rs 907.76 lakhs.

Source : Equity Bulls

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