Indiabulls Real Estate allots equity shares

Indiabulls Real Estate has announced that, upon exercise of stock options, vested in terms of Indiabulls Real Estate Limited Employees Stock Option Scheme 2008 (II), by certain eligible employees, and upon receipt of full consideration therefor, the board the company at its meeting on 17 June 2010, has allotted an aggregate of 1,04,500 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 80.31 crore divided into 40,15,54,239 equity shares of face value Rs 2 each to Rs 80.33 crore divided into 40,16,58,739 equity shares of face value Rs 2 each.