KSK Energy Ventures Ltd allots 8,08,08,080 warrants to KSK Power Holdings Limited

The Board of Directors of KSK Energy Ventures Ltd at its meeting held on October 18, 2014 has allotted 8,08,08,080 warrants to KSK Power Holdings Limited entitling for subscription of equivalent number of equity shares of Rs. 10/- each at a price of Rs. 99 per Warrant (including a premium of Rs. 89 per equity share) as per provisions of Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulations, 2009 as amended.
As the allotment pertains to Warrants, there is no change in the paid up share capital of the Company.

Shares of KSK ENERGY VENTURES LTD. was last trading in BSE at Rs.64.4 as compared to the previous close of Rs. 68.45. The total number of shares traded during the day was 1590577 in over 1429 trades.

The stock hit an intraday high of Rs. 70 and intraday low of 64.35. The net turnover during the day was Rs. 105175570.

Source : Equity Bulls

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