Kavit Industries Ltd approves allotment of 4 crore warrants

The Board of Directors of Kavit Industries Ltd at its meeting held on March 12, 2014, has decided to hold the Extra-Ordinary General Meeting of the shareholders of the Company April 09, 2014 for shareholder's approval for Issue of 4,00,00,000 convertible equity warrants of Rs. 10/- on preferential basis in accordance with the provisions of Companies Act & as per SEBl (Issue of Capital & Disclosures Requirements) Regulations, 2009 to the various investors.

Shares of Kavit Industries Limited was last trading in BSE at Rs.11.68 as compared to the previous close of Rs. 12.29. The total number of shares traded during the day was 620 in over 24 trades.

The stock hit an intraday high of Rs. 12.9 and intraday low of 11.68. The net turnover during the day was Rs. 7963.

Source : Equity Bulls

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