Development Credit Bank allots 1740 Equity Shares under ESOPs

Development Credit Bank Ltd has allotted 1,740 equity shares of Rs. 10/- each on March 24, 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 20,01,71,209 shares of Rs. 10/-each.

The stock was trading at Rs.43.55, up by Rs.0.90 or 2.11%. The stock hit an intraday high of Rs.43.95 and low of Rs.42.90.

The total traded quantity was 3.27 lakhs compared to 2 week average of 4.26 lakhs.

Source : Equity Bulls

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