S.Kumars Nationwide allots 6376195 shares to Promoter Group

S.Kumars Nationwide Ltd has announced that the Committee of Directors (CoD) of the Company has allotted 63,76,195 Equity Shares of Rs 10/- each, pursuant to the Special Resolution passed by the members of the Company at EOGM held on March 29, 2005 to S. Kumars Enterprises (Synfabs) Ltd, a promoter group company on a preferential basis in their meeting held on September 30, 2008.

The stock was trading at Rs.44.55, up by Rs.1.20 or 2.77%. The stock hit an intraday high of Rs.44.90 and low of Rs.43.10.

The total traded quantity was 103832 compared to 2 week average of 1543974.

Source : Equity Bulls

Keywords