Karuturi Networks Board to consider allotment of bonus shares

Karuturi Networks Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to transact the following:

1. Taking on record the Un-Audited financial results of the Company for the 4th quarter and year ending March 31, 2007.

2. Allotment of Bonus shares at 1:1 ratio.

3. Consideration of additional Employee Stock Option Scheme and issue of equity warrants.

The stock was trading at Rs.298.30, up by Rs.3.50 or 1.19%. The stock hit an intraday high of Rs.309.50 and low of Rs.290. The total traded quantity was 467678 shares compared to 2 week average of 280179.

Source : Equity Bulls

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