KS Oils allots shares to Citigroup

KS Oils Ltd has announced that the Board of Directors of the Company at its meeting held on March 26, 2008, has approved 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 5.39% 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 was trading at Rs.67, up by Rs.2.65 or 4.12%. The stock hit an intraday high of Rs.68.90 and low of Rs.63.50.

The total traded quantity was 561910 compared to 2 week average of 1549818.

Source : Equity Bulls

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