India Infoline allots 2501500 Equity Shares upon exercise of ESOPs

India Infoline Ltd has announced that The Compensation Committee of the Board of Directors of the Company has by a circular resolution on February 17, 2011 allotted 25,01,500 equity shares to the eligible employees upon exercise of stock options under Employee Stock Option Scheme of the Company.

Upon allotment, the equity base of the Company stand increased from 28,12,94,023 to 28,37,95,523 equity shares of Rs. 2/- each.

The stock was trading at Rs.73.60, down by Rs.1.50 or 2%. The stock hit an intraday high of Rs.76 and low of Rs.72.20.

The total traded quantity was 1.35 lakhs compared to 2 week average of 4.68 lakhs.

Source : Equity Bulls

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