KS Oils approves allotment of GDRs

KS Oils Ltd has announced that the Board of Directors of the Company at its meeting held on September 07, 2007, inter alia, has approved the allotment of 3,07,44,610 equity shares of Rs 1 each in favour of Custodian underlying the GDR's Issue of USD 31.42 Million.

The stock was trading at Rs.74.55, up by Rs.1.35 or 1.84%. The stock hit an intraday high of Rs.74.75 and low of Rs.71.20. The total traded quantity was 1147706 compared to 2 week average of 2638123.

Source : Equity Bulls

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