KSL & Industries allots 790600 shares at Rs 253

KSL & Industries Ltd has announced that the Board of Directors of the company at its meeting held on July 23, 2008, inter alia, has allotted 790600 equity shares of Rs 4/- each at the price of Rs 253/- per share (including premium of Rs 249/- per shares) to the entities on preferential basis as per SEBI (DIP) Guidelines.

395300 equity shares were allotted to M/s. Brescon Realty Pvt Ltd. 395300 equity shares were allotted to M/s. Brescon Infra Pvt Ltd.

The Board of Directors has taken the allotment of shares under any other item of the agenda as the company has received the in-principal approval on July 23, 2008.

Source : Equity Bulls

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