KSK Energy Ventures Ltd to raise funds through QIP

The Board of Directors of KSK Energy Ventures Ltd at its meeting held on May 01, 2014, has considered and approved the appointment of Mr. M S Phani Sekhar, member of the Institute of Company Secretaries of India as Company Secretary and Compliance Officer.

The Board has sought to obtain the approval of the members through an Extra Ordinary General Meeting to consider and approve the issue and allotment of Securities to qualified institutional buyers upto Rs. 1,000 crores and to consider and approve issue and allotment of 15 crore convertible warrants on preferential basis to the promoter, its subsidiaries and affiliates.

Shares of KSK ENERGY VENTURES LTD. was last trading in BSE at Rs.70.65 as compared to the previous close of Rs. 69.7. The total number of shares traded during the day was 51531 in over 1794 trades.

The stock hit an intraday high of Rs. 73.8 and intraday low of 69. The net turnover during the day was Rs. 3711567.

Source : Equity Bulls

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