Tube Investments of India allots 57604 equity shares

Tube Investments of India Ltd has on March 22, 2011 allotted 57,604 equity shares of Rs. 2/- each including 7,480 shares at an exercise price of Rs. 44.45/- per share, 43,988 shares at an exercise price of Rs. 56.80/- per share and 6,136 shares at an exercise price of Rs. 62.85/- per share.

The above allotments are consequent upon the exercise of Stock Options by the eligible employees under the Employee Stock Option Scheme 2007.

Further the Company has informed that, with this allotment, the number of equity shares outstanding has increased from 18,56,09,327 to 18,56,66,931 and the paid up equity share capital from Rs. 37,12,18,654/- to Rs. 37,13,33,862/-.

The stock closed the day at Rs.123.50, down by Rs.1.80 or 1.44%. The stock hit an intraday high of Rs.127 and low of Rs.123.

The total traded quantity was 4746 compared to 2 week average of 19302.

Source : Equity Bulls

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