KSL & Industries allots shares to Bennett Coleman and TV18

KSL & Industries Ltd has announced that the Board of Directors of the Company at its meeting held on November 30, 2007, has allotted 2174385 equity shares of Rs 4/- each at the price of Rs 253/- per share (Including premium of Rs 249/- per shares) to the following entities on preferential basis as per SEBI (DIP) Guidelines.

1. 790500 equity shares to Bennett, Coleman & Co. Ltd.

2. 592885 equity shares to Television Eighteen India Ltd.

3. 395500 equity shares to Brescon Infra Pvt Ltd.

4. 395500 equity shares to Brescon Realty Pvt Ltd.

The stock closed on Friday at Rs.205.60, up by Rs.9.80 or 5.01%. The stock hit an intraday high of Rs.205.60 and low of Rs.192.75.

The total traded quantity was 38071 compared to 2 week average of 19857.

Source : Equity Bulls

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