KSL & Industries to allot 910470 shares to LIC on conversion of FCDs

KSL & Industries Ltd has announced that the Board of Directors of the Company at its meeting held on May 16, 2007 has considered and accepted the Letter received from LIC for execution of the option of conversion of 9% Optionally Fully Convertible Debentures aggregation Rs 20 Crores into 910470 Equity Shares at conversion rate of Rs 219.67 per share including premium of Rs 215.67/- each.

The stock was trading at Rs.235, up by Rs.2.05 or 0.88%. The stock hit an intraday high of Rs.245 and low of Rs.225. The total traded quantity was 26534 compared to 2 week average of 23703.

Source : Equity Bulls

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