India Infoline allots 2615300 Equity Shares upon exercise of ESOPs

The Compensation Committee of the Board of Directors of India Infoline Ltd has by a circular resolution on March 04, 2011 allotted 26,15,300 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 28,37,95,523 equity shares to 28,64,10,823 equity shares of Rs. 2/- each.

The stock closed the day at Rs.79.35, down by Rs.2.45 or 3%. The stock hit an intraday high of Rs.83.20 and low of Rs.78.20.

The total traded quantity was 1.75 lakhs compared to 2 week average of 1.37 lakhs.

Source : Equity Bulls

Keywords