Kisan Mouldings to issue 40 Lakh warrants at Rs 33

Kisan Mouldings Ltd has announced that the Board of Directors of the Company at its meeting held on August 29, 2008, inter alia, has considered the issue of 40,00,000 Warrants on Preferential Allotment basis to Promoters and others @ Rs 33 per warrant carrying option for allotment of equity shares of Rs 10 each at a premium of Rs 23 per share aggregating Rs 13.20 Crores, subject to prior approval of shareholders and in-principal approval of Stock Exchange.

Source : Equity Bulls

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