S Kumars Nationwide to allot 97488149 shares to promoters at Rs. 10

The Board of Directors of S. Kumars Nationwide Ltd at its meeting held on April 03, 2014, have approved issue of 9,74,88,149 Equity Shares of Rs. 10/- each to the Promoters and Promoter Group Companies on preferential basis as per applicable laws subject to approval from the members/other stakeholders and of the regulatory authorities.

Shares of S.KUMARS NATIONWIDE LTD. was last trading in BSE at Rs.4.31 as compared to the previous close of Rs. 4.11. The total number of shares traded during the day was 1087992 in over 741 trades.

The stock hit an intraday high of Rs. 4.31 and intraday low of 4.17. The net turnover during the day was Rs. 4650883.

Source : Equity Bulls

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