KDDL Ltd allots 2,64,150 Equity Shares to promoter group entity

The Sub committee of the Board of Directors of KDDL Limited ("the Company") at its meeting held on Friday, 15th June, 2018 has allotted 2,64,150 (Two Lakh Sixty Four Thousand One Hundred Fifty) Equity Shares of Rs. 10 each to M/s Swades Capital LLC, a promoter group entity, at a price of Rs. 265/ per equity share including a premium of Rs. 255/- per share). These shares are allotted upon conversion of Zero Coupon Convertible Warrants issued on Preferential Basis on 21st December, 2016.

Consequent to the said allotment, the paid up Equity Share Capital of the Company has increased to Rs. 11,21,69,420 consisting of 1,12,16,942 Equity Shares of Rs. 10 each.

The Committee Meeting commenced at 5:40 p.m. and concluded at 6:25 p.m.

Shares of KDDL LTD.-$ was last trading in BSE at Rs.507 as compared to the previous close of Rs. 517.7. The total number of shares traded during the day was 524 in over 36 trades.

The stock hit an intraday high of Rs. 509 and intraday low of 498.1. The net turnover during the day was Rs. 263485.

Source : Equity Bulls

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