Indiabulls Real Estate Ltd has informed BSE that upon exercise of stock options vested in terms of Indiabulls Real Estate Ltd - Employees Stock Option Scheme 2006 by certain eligible employees and receipt of full consideration therefor, the Board of Directors of the Company at its meeting held on November 25, 2009, has allotted an aggregate of 1,35,000 (One Lac Thirty Five Thousands) Equity Shares of face value Rs. 2/- each to such employees.
Consequent to the said allotment, the Paid-up Equity Share Capital of the Company stands increased from Rs. 80,26,80,478/- divided into 40,13,40,239 Equity Shares of face value Rs. 2/- each to Rs. 80,29,50,478/- divided into 40,14,75,239 Equity Shares of face value Rs. 2/- each.
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