Kavit Industries Ltd to allot warrants at Rs. 15

The Board of Directors of Kavit Industries Ltd at its meeting held on May 06, 2014 has decided to allot Convertible Equity warrants at premium of Rs. 5/- per share (Issue Price of Rs. 15/- per share) to promoters and other than promoters on preferential basis.

The Company has already taken approval of the Shareholders in the EGM held on April 09, 2014.

Shares of Kavit Industries Limited was last trading in BSE at Rs.8.49 as compared to the previous close of Rs. 8.93. The total number of shares traded during the day was 15 in over 4 trades.

The stock hit an intraday high of Rs. 8.49 and intraday low of 8.49. The net turnover during the day was Rs. 127.

Source : Equity Bulls

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