Dewan Housing Finance allots 207672 equity shares under ESOS

Dewan Housing Finance Corporation Ltd has announced that Committee of Directors at its meeting held on December 13, 2010, has allotted 2,07,672 [Two Lakh Seven Thousand Six Hundred & Seventy Two] fully paid up equity shares of Rs. 10/- each to employees of the Company in terms of the Employee Stock Option Schemes (ESOS).

The said equity shares rank pari-passu in all respects with the existing equity shares of the Company.

As a result of exercise of options and the consequent allotment of the equity shares paid up share capital of the Company stands increased from the present Rs. 104,15,14,690/- divided into 10,41,51,469 equity shares of face value of Rs. 10/- each to Rs. 104,35,91,410/- divided into 10,43,59,141 equity shares of face value of Rs. 10/- each.

The stock closed the day at Rs.286.15, down by Rs.3.90 or 1.34%. The stock hit an intraday high of Rs.289 and low of Rs.280.

The total traded quantity was 0.34 lakhs compared to 2 week average of 1.09 lakhs.

Source : Equity Bulls

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