City Union Bank allots 1065737 Equity Shares

The Compensation Committee of the Board of Directors of City Union Bank Ltd at its meeting held on March 22, 2011 allotted 10,65,737 equity shares of Re. 1/- each pursuant to exercise of options by the eligible employees under City Union Bank Employees Stock Option Scheme 2008 CUB ESOS 2008 (Series I).

The stock closed the day at Rs.43.40, up by Rs.0.30 or 0.70%. The stock hit an intraday high of Rs.43.65 and low of Rs.42.70.

The total traded quantity was 0.86 lakhs compared to 2 week average of 1.29 lakhs.

Source : Equity Bulls

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