Kiri Industries Ltd allots 3500000 Warrants convertible into Equity Shares on Preferential Basis

In terms of the Special Resolution passed by the members of Kiri Industries Ltd at its Annual General Meeting held on September 23, 2016, the Board of Directors of the Company at their meeting held on October 04, 2016, have approved allotment of 35,00,000 Warrants convertible into Equity Shares at an issue price of Rs. 363 per warrant includes premium of Rs. 353 per warrant to M/s. Equinaire Chemtech LLP, Promoter Group on preferential basis in accordance with SEBI (Issue of Capital Disclosure Requirements), Regulations, 2009.

Shares of KIRI INDUSTRIES LTD. was last trading in BSE at Rs.344.7 as compared to the previous close of Rs. 349.1. The total number of shares traded during the day was 98416 in over 3091 trades.

The stock hit an intraday high of Rs. 357 and intraday low of 343. The net turnover during the day was Rs. 34374580.

Source : Equity Bulls

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