Krebs Biochemicals & Industries Ltd allots 650000 shares at Rs. 54

The Board of Directors of Krebs Biochemicals & Industries Ltd at its meeting held on October 03, 2015, has considered and approved the allotment of 650,000 equity shares of face value of Rs. 10/- each at a price of Rs. 54/- per share (including premium of Rs. 44/- per share) and 680,000 convertible warrants each of which is convertible into one equity share of face value of Rs. 10/- at a price of Rs. 54/- per share (including premium of Rs. 44/- per share) on preferential basis to Mrs. Hemalata Ravi, Promoter of the Company.

Shares of KREBS BIOCHEMICALS & INDUSTRIES LTD. was last trading in BSE at Rs.108.8 as compared to the previous close of Rs. 109.15. The total number of shares traded during the day was 3275 in over 53 trades.

The stock hit an intraday high of Rs. 109.9 and intraday low of 107. The net turnover during the day was Rs. 353414.

Source : Equity Bulls

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