Development Credit Bank allots 23225 Equity Shares-under ESOPs

Development Credit Bank Ltd has allotted 23,225 equity shares of Rs.10/- each on July 07, 2011, pursuant to the terms of the Employee Stock Option Plan (ESOPs) of the Bank. Post allotment, Bank's issued and paid up share capital has increased to 20,02,22,334 shares of Rs.10/-each.

The stock was trading at Rs.61.35, down by Rs.0.65 or 1.05%. The stock hit an intraday high of Rs.62.75 and low of Rs.61.

The total traded quantity was 7.06 lakhs compared to 2 week average of 10.72 lakhs.

Source : Equity Bulls

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