Kesar Enterprises Ltd allots Zero Coupon Optionally Convertible Preference Shares

At the meeting of the Allotment Committee of Directors of Kesar Enterprises Ltd held on March 27, 2014 the Committee has allotted 30,65,000 Zero Coupon Optionally Convertible Preference Shares (OCPS) of Rs. 10/- each fully paid-up aggregating to Rs. 3,06,50,000/- to the Promoter / Promoter Group on Preferential basis with an option to convert, partially or fully, in one or more tranches, in one or more financial years, at a price of Rs. 21/- each (including securities premium of Rs. 11/-).

Shares of KESAR ENTERPRISES LTD. was last trading in BSE at Rs.18.45 as compared to the previous close of Rs. 17.6. The total number of shares traded during the day was 796 in over 5 trades.

The stock hit an intraday high of Rs. 18.45 and intraday low of 17.3. The net turnover during the day was Rs. 14271.

Source : Equity Bulls

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