Lupin allots 23604 equity shares

The Allotment Committee of Directors of Lupin Ltd at its meeting held on January 27, 2012 has allotted 23604 fully paid up equity shares of Ps. 2/- each. These shares have been allotted Upon exercising of options granted to the employees under Stock option plans of the Company.

In view of the above the issued and paid up capitol of the Company has been increased to Rs. 89,32,44,112 consisting 44,66,22,056 equity shares of Rs. 2/- each.

The Lupin Ltd. stock was trading at Rs.465.10, up by Rs.5.05 or 1.10%. The stock hit an intraday high of Rs.468.90 and low of Rs.460.05.

The total traded quantity was 0.34 lakhs compared to 2 week average of 0.81 lakhs.

Source : Equity Bulls

Keywords