Kilburn Chemicals Ltd allots 765000 shares at Rs. 16

The Board of Directors of Kilburn Chemicals Ltd at its meeting held on March 29, 2014, have considered & approved the allotment of 7,65,000 equity shares of face value of Rs. 10/- each at a price of Rs.16/- per equity share (including a premium of Rs. 6/- per equity share) on preferential basis to M/s. Maryada Advisory Services Private Limited one of the constituent of the Promoters / Promoter Group of the Company, in compliance with Chapter VII of Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2009 and Section 81(A) of the Companies Act, 1956 and subsequent amendments thereto.

Shares of KILBURN CHEMICALS LTD. was last trading in BSE at Rs.11.5 as compared to the previous close of Rs. 11.65. The total number of shares traded during the day was 8123 in over 86 trades.

The stock hit an intraday high of Rs. 11.7 and intraday low of 10.76. The net turnover during the day was Rs. 92702.

Source : Equity Bulls

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