India Infoline allots 179125 Equity Shares upon exercise of ESOPs

India Infoline Ltd has announced that the Compensation Committee of the Board of Directors of the Company has by a Circular resolution on November 19, 2010, allotted 1,79,125 equity shares to the eligible employees upon exercise of stock options under Employee Stock Option Scheme 2005 and 2008.

Upon allotment, the equity base of the Company stand increased from 29,11,41,275 to 29,13,20,400 equity shares of Rs. 2/- each.

The stock closed the day at Rs.107.75, down by Rs.8.05 or 6.95%. The stock hit an intraday high of Rs.116.50 and low of Rs.106.

The total traded quantity was 2.98 lakhs compared to 2 week average of 4.53 lakhs.

Source : Equity Bulls

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