Indiabulls Real Estate Ltd - Allotment of Equity shares pursuant to exercise of stock options

Indiabulls Real Estate Ltd - Allotment of Equity shares pursuant to exercise of stock options
Indiabulls Real Estate Ltd has informed BSE that upon exercise of stock options, vested in terms of 'Indiabulls Real Estate Limited - Employees Stock Option Scheme 2006' and 'Indiabulls Real Estate Limited Employees Stock Option Scheme 2008 (II)', by certain eligible employees, and upon receipt of full consideration therefore, the Compensation Committee of the Board of Directors of the Company has, at its meeting held on January 04, 2011, allotted an aggregate of 4,51,500 (Four lac fifty one thousand five hundred) 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. 80,35,81,478/- divided into 40,17,90,739 Equity shares of face value Rs. 2/- each to Rs. 80,44,84,478/- divided into 40,22,42,239 Equity shares of face value Rs. 2/- each.
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