Kirloskar Brothers Ltd invests in preference shares of subsidiary

Kirloskar Brothers Ltd has invested in preference shares of its Subsidiary Company, The Kolhapur Steel Limited and has been allotted 1,00,00,000 6% Cumulative Non-Convertible Redeemable Preference Shares of Rs.10/- each, aggregating to Rs. 10,00,00,000 (Rupees Ten Crores only).

Shares of KIRLOSKAR BROTHERS LTD. was last trading in BSE at Rs.218.7 as compared to the previous close of Rs. 208.2. The total number of shares traded during the day was 16848 in over 547 trades.

The stock hit an intraday high of Rs. 230 and intraday low of 216.9. The net turnover during the day was Rs. 3747832.

Source : Equity Bulls

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