Kesar Petroproducts Ltd approves allotment of 40 lakh shares

The Board of Directors of Kesar Petroproducts Ltd at its meeting held on March 18, 2016, has considered and approved the allotment of 40,00,000 equity shares of Re. 1/- each upon conversion of 4,00,000 warrants issued on preferential basis.

The meeting commenced at 5.00 p.m. and concluded at 5.30 p.m.

Shares of KESAR PETROPRODUCTS LTD. was last trading in BSE at Rs.46 as compared to the previous close of Rs. 44. The total number of shares traded during the day was 19980 in over 73 trades.

The stock hit an intraday high of Rs. 46.2 and intraday low of 42.05. The net turnover during the day was Rs. 892989.

Source : Equity Bulls

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