Ipca Laboratories allots 353750 Equity Shares under ESOS

Ipca Laboratories Ltd has announced that at the meeting of the Board of Directors of the Company held on October 22, 2010, 3,53,750 equity shares of Rs. 2/- each of the Company have been allotted @ Rs. 40/- per equity share upon exercise of options by allottees to whom options were granted on September 23, 2006 under Ipca Laboratories Limited - Employee Stock Option Scheme 2006 (ESOS).

The Equity shares now allotted would rank pari-passu in all respects with the existing paid-up equity share capital of the Company.

With this allotment, the paid up equity share capital of the Company is now increased to Rs. 25,11,62,810/- divided into 12,55,81,405 fully paid-up equity shares of Rs. 2/- each.

The stock was trading at Rs.298.60, up by Rs.0.20 or 0.07%. The stock hit an intraday high of Rs.308.90 and low of Rs.297.50.

The total traded quantity was 1.05 lakhs compared to 2 week average of 0.35 lakhs.

Source : Equity Bulls

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