Karuturi Global Ltd allots warrants, FCDs

The Committee of the Board of Directors of Karuturi Global Ltd at their meeting held on May 25, 2015, has allotted 34,50,00,000 Convertible Warrants of Face Value of Re. 1/- each to Non Promoters on Preferential Allotment basis through Resolution passed by the Shareholders at the Annual General Meeting held on March 20, 2015 pursuant to the provisions of Section 62 and other applicable provisions of the Companies Act, 2013.

1000 Fully Convertible Debentures of Face Value Rs. 5,00,000/- each to Promoter through Resolution passed by the Shareholders at the Annual General Meeting held on March 20, 2015 pursuant to the provisions of Section 62, 71 and other applicable provisions of the Companies Act, 2013.

Shares of KARUTURI GLOBAL LTD. was last trading in BSE at Rs.2.84 as compared to the previous close of Rs. 2.39. The total number of shares traded during the day was 4991227 in over 1948 trades.

The stock hit an intraday high of Rs. 2.85 and intraday low of 2.41. The net turnover during the day was Rs. 13560118.

Source : Equity Bulls

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