Ipca Laboratories allots 125000 shares

Ipca Laboratories Ltd has announced that at the meeting of the Board of Directors of the Company held on January 25, 2011, 1,25,000 fully paid-up equity shares of Rs. 2/- each of the Company @ Rs.63/- per equity share have been allotted upon exercise of options by allottees to whom options were granted on October 02, 2007 and November 11, 2008 pursuant to Ipca Laboratories Limited - Employee Stock Option Scheme 2006 (ESOS).

The equity shares now allotted would rank pari-passu in all respects with the existing paid-up equity share capital of the Company.

With this allotment, the paid up equity share capital of the Company is now increased to Rs. 25,14,12,810/- divided into 12,57,06,405 fully paid-up equity shares of Rs.2/- each.

The stock closed the day at Rs.312.25, down by Rs.9.10 or 2.83%. The stock hit an intraday high of Rs.327 and low of Rs.308.

The total traded quantity was 35743 compared to 2 week average of 9349.

Source : Equity Bulls

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