Kamdhenu Ltd approves issue of 30 lakh warrants to promoters and others

A Meeting of the Board of Directors of Kamdhenu Ltd was held on 20th day of April, 2017 at 4:00 P.M. at the Corporate Office of the Company at 2nd Floor, Tower-A, Building No.9, DLF Cyber City, Phase-III, Gurgaon-122002, Haryana and was concluded at 5:15 P.M.
The Board approved the proposal to issue and allot upto 30,00,000 warrants convertible into equity shares of Rs.10/- each to the promoters and others on preferential/private placement basis subject to the approval of the Shareholders by special resolution.

The Board also approved the Kamdhenu Employee Stock Option Scheme 2017 for allotment of upto 10,00,000 equity options for the employees of the Company in accordance with Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014, subject to the approval of the Shareholders by special resolution.

Shares of KAMDHENU ISPAT LTD. was last trading in BSE at Rs.96.45 as compared to the previous close of Rs. 95.55. The total number of shares traded during the day was 5324 in over 90 trades.

The stock hit an intraday high of Rs. 98.9 and intraday low of 95.2. The net turnover during the day was Rs. 518093.

Source : Equity Bulls

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