Development Credit Bank allots 8500 Equity Shares under ESOPs

Development Credit Bank Ltd has announced that the Bank has allotted 8,500 equity shares of Rs.10/- each on February 02, 2011, pursuant to the terms of the Employee Stock Option Plan (ESOPs) of the Bank. Post allotment, Bank's issued and paid up share capital has increased to 20,01,69,469 shares of Rs. 10/-each.

The stock was trading at Rs.48.85, up by Rs.1.30 or 2.73%. The stock hit an intraday high of Rs.50.95 and low of Rs.47.15.

The total traded quantity was 11.26 lakhs compared to 2 week average of 6.05 lakhs.

Source : Equity Bulls

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