KS Oils to consider allotment of shares to Citigroup Venture Capital

KS Oils Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 26, 2008, to consider and approve the allotment of 16,988,530 equity shares of Rs 1/- each to Citigroup Venture Capital International Growth Partnership Mauritius Ltd on conversion of Convertible equity shares warrants representing 5.35% of existing paid-up capital of the Company.

Allotment of 94910 shares of Rs 1/- each to others on conversion of Convertible equity shares warrants.

The stock closed the day at Rs.76.75, down by Rs.0.95 or 1.22%. The stock hit an intraday high of Rs.82.40 and low of Rs.75.

The total traded quantity was 1907601 compared to 2 week average of 2309230.

Source : Equity Bulls

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