Tube Investments of India Ltd allots Equity Shares on exercise of stock options

Tube Investments of India Ltd has on August 20, 2014 allotted 58,372 equity shares of Rs. 2/- each at an exercise price of Rs. 56.80 per share.

The above allotment is consequent upon the exercise of Stock Options by the eligible employees under the Employees Stock Option Scheme 2007.

Further note that with this allotment, the number of equity shares outstanding has increased from 18,69,43,324 to 18,70,01,696 and the paid up equity share capital from Rs. 37,38,86,648/- to Rs. 37,40,03,392/-.

Shares of TUBE INVESTMENTS OF INDIA LTD. was last trading in BSE at Rs.263.55 as compared to the previous close of Rs. 265. The total number of shares traded during the day was 1983 in over 327 trades.

The stock hit an intraday high of Rs. 266.95 and intraday low of 262.55. The net turnover during the day was Rs. 524118.

Source : Equity Bulls

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