Oracle Financial Services Software allots 5550 shares on exercise of stock options

The ESOP Allotment Committee of Oracle Financial Services Software Ltd at its meeting held on May 10, 2011, has allotted 5,550 equity shares of face value of Rs.5/- each to an eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari pasu with the existing equity shares of the Company, in all respects. In this allotment no shares are allotted to Directors.

With this allotment, the paid up capital of the Company increased to Rs.419,510,760/- divided into 83,902,152 equity shares of face value of Rs.5/- each.

The stock was trading at Rs.1974, up by Rs.17.05 or 0.87%. The stock hit an intraday high of Rs.1999 and low of Rs.1960.

The total traded quantity was 48851 compared to 2 week average of 9076.

Source : Equity Bulls

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