K P Energy Ltd allots 25,65,000 bonus shares

The Board of Directors of K.P. Energy Limited at their meeting held today i.e. May 2, 2018, allotted 25,65,000 Bonus Equity Shares of Rs. 10/- each as fully paid-up bonus equity shares, in the ratio of 3 (Three) fully paid-up Bonus Equity Share of Rs. 10/- each of the Company for every 10 (Ten) fully paid-up Equity Share of Rs. 10/- each to the members eligible to receive bonus equity shares of the Company, whose names appear in the Register of Members of the Company/list of beneficial owners as received from the National Securities Depository Limited ('NSDL') and Central Depository Services (India) Limited ('CDSL') as on May 1, 2018, 'the Record Date' fixed for this purpose.

Consequent to the aforesaid allotment of bonus equity shares, the share capital of the Company stands increased to Rs. 11,11,50,000/- divided in 1,11,15,000 equity shares of Rs. 10/- each, fully paid-up.

The Meeting commenced at 02:30 p.m. and concluded on 3.00 p.m.

Shares of K.P. Energy Ltd was last trading in BSE at Rs.289 as compared to the previous close of Rs. 295. The total number of shares traded during the day was 2400 in over 3 trades.

The stock hit an intraday high of Rs. 289 and intraday low of 285. The net turnover during the day was Rs. 687200.

Source : Equity Bulls

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