India Infoline allots 1230000 Equity Shares upon exercise of ESOPs

The Compensation Committee of the Board of Directors of India Infoline Ltd has by a circular resolution on May 23, 2011 allotted 12,30,000 equity shares to the eligible employee(s) upon exercise of stock options under Employee Stock Option Scheme of the Company.

Upon allotment, the equity base of the Company stand increased from 28,69,42,823 equity shares to 28,81,72,823 equity shares of Rs. 2/- each.

The stock was trading at Rs.77.25, up by Rs.1.85 or 2.45%. The stock hit an intraday high of Rs.80 and low of Rs.74.

The total traded quantity was 14.23 lakhs compared to 2 week average of 2.10 lakhs.

Source : Equity Bulls

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