Pharma major, Lupin Ltd said that it has allotted 151959 equity shares to the employees under Stock option plans of the Company.
"The Allotment Committee of Directors at its meeting held on August 25, 2015 has allotted 151959 fully paid up equity shares of Rs. 2/- each. These shares have been allotted upon exercising of options granted to the employees under Stock option plans of the Company," the company said in a filing to the Bombay Stock Exchange.
Consequent to the above allotment, the issued and paid up capital of the Company has been increased to Rs. 90,01,63,914 consisting 45,00,81,957 equity shares of Rs. 2/- each.
Meanwhile, shares of the company were trading at Rs 1729.20 a piece, down 4.07 per cent from the previous close at 11:21 hours on BSE.