Kinetic Engineering allots 2,70,000 shares on conversion of warrants at Rs.178

Kinetic Engineering Ltd has announced that the Committee of Directors (CoD) at its meeting held on April 25, 2007, has allotted 2,70,000 Equity Shares of the face value of Rs 10/- each @ Rs 178/- per share (including premium of Rs 168/-) to Micro Age Instruments Pvt Ltd (MAIPL) against conversion of 2,70,000 warrants of Rs 178/- each.

The stock closed the day at Rs.107, up by Rs.0.50 or 0.47%. The stock hit an intraday high of Rs.107.65 and low of Rs.107. The total traded quantity was 100 shares compared to 2 week average of 569.

Source : Equity Bulls

Keywords