KSK Energy Ventures Ltd allots 40404040 Equity Shares to QIBs

In respect of issue of Equity shares of face value Rs. 10 each the Board of Directors of KSK Energy Ventures Ltd has, at its meeting held on June 09, 2014, issued and allotted 40,404,040 equity shares of face value Rs. 10 each at a price of Rs. 99 per Equity Share (including share premium of Rs. 89 per Equity Share) aggregating to Rs. 4,000,000,000 (Rupees Four Hundred Crores) to Qualified Institutional Buyers ("QIBs") under qualified institutions placement under Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended.

Shares of KSK ENERGY VENTURES LTD. was last trading in BSE at Rs.112 as compared to the previous close of Rs. 116.5. The total number of shares traded during the day was 56450 in over 4955 trades.

The stock hit an intraday high of Rs. 116 and intraday low of 109.55. The net turnover during the day was Rs. 6352373.

Source : Equity Bulls

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