Indiabulls Financial Services allots 176876 Equity Shares

Indiabulls Financial Services Ltd has announced that upon exercise of stock options vested, in terms of (1) IBFSL -ICSL Employees Stock Option Plan II - 2006 and (2) Employees Stock Option Plan - 2008, by certain eligible employees, the Compensation Committee of the Board of Directors of the Company at its meeting held on January 19, 2011, has allotted an aggregate of 1,76,876 (One Lac Seventy Six Thousand Eight Hundred Seventy Six) Equity shares of face value Rs. 2/- each to such employees.

Consequent to the said allotment, the paid-up Equity share capital of the Company stands increased from Rs. 62,16,30,484/- divided into 31,08,15,242 Equity shares of face value Rs. 2/- each to Rs. 62,19,84,236/- divided into 31,09,92,118 Equity shares of face value Rs. 2/ each.

The stock closed the day at Rs.157.25, up by Rs.2.40 or 1.55%. The stock hit an intraday high of Rs.160.35 and low of Rs.154.85.

The total traded quantity was 1.55 lakhs compared to 2 week average of 1.88 lakhs.

Source : Equity Bulls

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