K S Oils to allot CRPS

The Board of Directors of K S Oils Ltd at its meeting held on September 08, 2012, have approved the issue of 1% Cumulative Redeemable Preference Shares to the CDR Lenders subject to the approval of the shareholders.

The Board gave approval for increase the Authorised Share Capital of the Company subject to the approval of shareholders.

The Board also approved notice sent to the shareholders for Extra-Ordinary General Meeting.

The K S Oils Ltd stock was trading at Rs.4.56, up by Rs.0.13 or 2.93%. The stock hit an intraday high of Rs.4.60 and low of Rs.4.42.

The total traded quantity was 1.97 lakhs compared to 2 week average of 4.01 lakhs.

Source : Equity Bulls

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