Tube Investments of India allots 103682 Equity Shares

Tube Investments of India Ltd has announced that the Company on October 21, 2010 has allotted 1,03,682 equity shares of Rs. 2/- each.

The allotment includes 5,508 Shares at an exercise price of Rs. 44.45/- per share, 20,560 Shares at an exercise price of Rs. 56.80/- per share, 25,374 shares at an exercise price of Rs. 62.85/- per share and 52,240 Shares at an exercise price of Rs. 66.10/- 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 note that with this allotment, the number of equity shares outstanding has increased from 185,156,718 to 185,260,400 and the paid up equity share capital from Rs. 37,03,13,436/- to Rs. 37,05,20,800/-.

The stock closed the day at Rs.156.85, up by Rs.1.70 or 1.10%. The stock hit an intraday high of Rs.158.30 and low of Rs.155.25.

The total traded quantity was 0.18 lakhs compared to 2 week average of 0.69 lakhs.

Source : Equity Bulls

Keywords