Lupin allots 105105 Equity Shares

Lupin Ltd has announced that the Allotment Committee of Directors at its meeting held on November 22. 2010 has allotted 105105 fully paid up equity shares of Rs. 2/- each. These shares have been allotted upon exercising of options granted to the employees under Stock option plans of the Company.

In view of the above, the issued and paid up capital of the Company has been increased to Rs. 89,17,52,350 consisting 44,58,76,175 equity shares of Rs. 2/- each.

The stock closed the day at Rs.481.95, down by Rs.6.85 or 1.40%. The stock hit an intraday high of Rs.490 and low of Rs.470.

The total traded quantity was 1.48 lakhs compared to 2 week average of 1.80 lakhs.

Source : Equity Bulls

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