Kadamb Constructions to consider reissue of forfeited shares

Kadamb Constructions Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 21, 2008, inter alia, to evaluate the proposal of reissue of 23,55,200 forfeited equity shares of Rs 10/- each to its existing shareholders on proportionate basis and inclusion of such shares in the listed capital of the Company.

The stock was trading at Rs.45, up by Rs.2.40 or 5.63%. The stock hit an intraday high of Rs.45 and low of Rs.45.

The total traded quantity was 1 compared to 2 week average of 1214.

Source : Equity Bulls

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