IBN18 Broadcast allots 110933 Shares upon exercise of ESOP

IBN18 Broadcast Ltd has announced that pursuant to the exercise of ESOPs by the employees of the Company, the Allotment Committee of the Board of Directors of the Company at its meeting held on November 13, 2010, has allotted 1,10,933 equity shares of face value of Rs. 2/- each.

Consequently the paid up equity share capital of the Company has increased from Rs. 47,50,07,250.50 comprising of 23,74,83,469 fully paid-up equity shares (Rs. 2/- paid-up per share) & 80,625 partly paid-up equity shares (Rs. 0.50 paid-up per share) to Rs. 47,52,29,116.50 comprising of 23,75,94,402 fully paid-up equity shares (Rs. 2/- paid-up per share) & 80,625 partly paid-up equity shares on which call amount is in arrear (Rs. 0.50 paid-up per share).

The stock closed the day at Rs.100.95, up by Rs.2.80 or 2.85%. The stock hit an intraday high of Rs.103.40 and low of Rs.98.

The total traded quantity was 8314 compared to 2 week average of 7134.

Source : Equity Bulls

Keywords