Tube Investments of India allots 23353 equity shares

Tube Investments of India Ltd has on May 02, 2011 allotted 23,353 equity shares of Rs. 2/- each. The Board allotted 16,793 shares at an exercise price of Rs. 56.80/- per share and 6,560 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 18,56,93,470 to 18,57,16,823 and the paid up equity share capital from Rs. 37,13,86,940/- to Rs. 37,14,33,646/-.

The stock closed the day at Rs.137.50, down by Rs.0.10 or 0.07%. The stock hit an intraday high of Rs.140 and low of Rs.136.50.

The total traded quantity was 77742 compared to 2 week average of 8916.

Source : Equity Bulls

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