Kridhan Infra Ltd allots 3225000 shares on conversion of warrants

One of the holders of Warrants of Kridhan Infra Ltd (namely Kridhan Petrochemicals Private Limited - the Promoter Group company) has exercised their right of conversion of Warrants into equity shares and accordingly the Board of Directors at their meeting held on March 07, 2015 have allotted 32,25,000 Equity Shares of Rs. 2/- each fully paid up on account of conversion of 6,45,000 Warrants of Rs. 10/- (Post sub-division of the face value of Equity Shares from Rs. 10/- to Rs. 2/-, 6,45,000 Warrants of Rs. 10/- each have become 32,25,000 Warrants of Rs. 2/-) each (i.e. the ratio of 1 Equity Share for every 1 Warrant held).

Shares of Kridhan Infra Ltd was last trading in BSE at Rs.84.95 as compared to the previous close of Rs. 84.75. The total number of shares traded during the day was 93371 in over 298 trades.

The stock hit an intraday high of Rs. 86.95 and intraday low of 83.5. The net turnover during the day was Rs. 7940617.

Source : Equity Bulls

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