KBS India Ltd allots 5 lakh shares

The Board of Directors of KBS India Ltd at its meeting held today i.e. Monday, 5 December, 2022, allotted 5,00,000 Equity Shares of Rs. 10/- each of the Company at an issue price Rs. 30/- each (including premium of Rs. 20/- per share) upon conversion of 5,00,000 Warrants issued on preferential basis, as approved by the members of the Company in their Annual General Meeting held on 27 September, 2022 to the Non - promoter group of the Company.

After the above allotment, the paid-up equity share capital of the Company stands increased to Rs. 10,32,11,880/- divided into 1,03,21,188 Equity Shares of Rs. 10/- each.

Shares of KBS INDIA LIMITED was last trading in BSE at Rs. 129.30 as compared to the previous close of Rs. 123.15. The total number of shares traded during the day was 10407 in over 42 trades.

The stock hit an intraday high of Rs. 129.30 and intraday low of 129.30. The net turnover during the day was Rs. 1345625.00.

Source : Equity Bulls

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KBSINDIA INE883D01015 SharesAllotment