KEC International Ltd updates on NCDs

The Committee of the Directors of KEC International Ltd at its Meeting held on November 03, 2016 considered and approved variation in the terms of the Secured, Rated, Listed, Redeemable, Non-Convertible Debentures of Rs. 10,00,000 each aggregating to Rs. 75,00,00,000 issued and allotted on August 20, 2014 by insertion of the repurchase clause in the Debenture Trust Deed.

Further, the Committee also considered and approved, repurchase of the above referred Non-Convertible Debentures subject to the regulatory approvals as may be required.

Shares of KEC INTERNATIONAL LTD. was last trading in BSE at Rs.126.15 as compared to the previous close of Rs. 123.65. The total number of shares traded during the day was 51364 in over 632 trades.

The stock hit an intraday high of Rs. 128.5 and intraday low of 124.5. The net turnover during the day was Rs. 6485558.

Source : Equity Bulls

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