Friday, October 31, 2008

Ipca Laboratories - Allotment Of Equity Shares - Oct 31, 2008

Ipca Laboratories Ltd has informed that the Board of Directors of the Company at its meeting held on October 31, 2008, 1,03,250 equity shares of Rs 10/- each of the Company have been allotted as under:

1. 81,000 fully paid-up equity shares of Rs 10/- each of the Company @ Rs 200/- per equity share upon exercise of options by allottees to whom options were granted on September 23, 2006 under Ipca Laboratories Ltd - Employees Stock Option Scheme 2006 (ESOS) and;

2. 22,250 fully paid-up equity shares of Rs 10/- each of the Company @ Rs 315/- per equity share upon exercise of options by allottees to whom options were granted on September 29, 2007 pursuant to Ipca Laboratories Ltd - Employees Stock Option Scheme 2006 (ESOS).

The equity shares now allotted would rank pari-passu in all respects with the existing paid-up equity share capital of the Company.
with this allotments, the paid up equity share capital of the Company is now increased to Rs 25,19,20,000/- divided into 2,51,92,000 equity shares of Rs 10/- each.

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