Kisan Mouldings Ltd approves allotment of 74 lakhs shares at Rs. 40

The Preferential Issue Committee Meeting of Kisan Mouldings Ltd was conducted on September 21, 2016. The members of the Committee have approved the allotment of 74,00,000 Equity Shares of Rs. 10 each at a price of Rs. 40/- (inclusive of premium Rs. 30/-) on preferential basis as per the provisions of the regulations issued by Securities Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and subsequent amendments made thereto.

Shares of KISAN MOULDINGS LTD. was last trading in BSE at Rs.40 as compared to the previous close of Rs. 40. The total number of shares traded during the day was 800 in over 3 trades.

The stock hit an intraday high of Rs. 40 and intraday low of 40. The net turnover during the day was Rs. 32000.

Source : Equity Bulls

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