Kajaria Ceramics Ltd approves allotment of 3,885,420 arrants to WestBridge Crossover Fund, LLC

In furtherance to the resolution passed in the Extra Ordinary General Meeting held on November 06, 2013, the Board of Directors of Kajaria Ceramics Ltd in its meeting held on February 18, 2014 has approved the allotment of 3,885,420 warrants, convertible into equity shares at an exercise price of Rs. 257.374233 per underlying equity share of face value Rs. 2 each, to M/s. WestBridge Crossover Fund, LLC on a preferential allotment basis in accordance with the provisions of Section 81 (1A) and other applicable provisions of the Companies Act, 1956 (including any statutory modification or re-enactment thereof for the time being in force), and such of the provisions of the Companies Act 2013 as are in force and applicable read with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (as amended from time to time) and in accordance with the approval granted by the Foreign Investment Promotion Board, Department of Economic Affairs, Ministry of Finance, Government of India.

Shares of KAJARIA CERAMICS LTD. was last trading in BSE at Rs.318.9 as compared to the previous close of Rs. 310.15. The total number of shares traded during the day was 3665 in over 271 trades.

The stock hit an intraday high of Rs. 318.9 and intraday low of 309. The net turnover during the day was Rs. 1153771.

Source : Equity Bulls

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