KG Denim Board to consider issue of equity shares on redemption of preference shares

The Board of Directors of KG Denim Ltd will meet on April 11, 2007, to consider the issue of equity shares for redemption of preference shares in accordance with the approval by shareholders in the EGM.

Shares of the company closed the day at Rs.15.70, down by Re.0.10 or 0.63%. The total traded quantity was 3500 shares compared to 2 week average quantity of 21528 shares. The stock had hit an intraday high of Rs.16 and low of Rs.15.60.

Source : Equity Bulls

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