Kirloskar Electric Company Ltd allots 6 lakh CCPs on Preferential basis

Kirloskar Electric Company Ltd has allotted on March 27, 2015, 6,00,000 Compulsorily Convertible Preference Shares(CCPs) of Rs.100/- each Aggregating to Rs.6,00,00,000 on preferential basis to Mr. Vijay R Kirloskar, Promoter of the Company.

Shares of Kirloskar Electric Company Ltd was last trading in BSE at Rs.29.65 as compared to the previous close of Rs. 27.15. The total number of shares traded during the day was 96832 in over 846 trades.

The stock hit an intraday high of Rs. 30.5 and intraday low of 28.4. The net turnover during the day was Rs. 2888941.

Source : Equity Bulls

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