Karnataka Bank allots 15270 equity shares under ESOP

Karnataka Bank Ltd has announced that the Board / Committee of Directors at the meeting held on January 24, 2011 has allotted 15270 equity shares of Rs. 10 each fully paid up for cash upon exercise of stock options vested in the employees of the bank under the Karnataka Bank Employees Stock Options Scheme 2006 (ESOS 2006).

The stock closed the day at Rs.138.10, down by Rs.2.15 or 1.53%. The stock hit an intraday high of Rs.139.40 and low of Rs.132.50.

The total traded quantity was 1.52 lakhs compared to 2 week average of 1.17 lakhs.

Source : Equity Bulls

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