Karma Ispat allots 15 lakh shares at Rs 38

Karma Ispat Ltd has announced that the Board of Directors of the Company at its meeting held on March 18, 2009, inter alia has allotted 15,00,000 Equity shares of Rs 10/- each at a premium of Rs 28/- each to the equity shareholders who have opted for conversion of convertible warrants into equity shares.

The stock closed the day at Rs.50.55, up by Rs.1.80 or 3.69%. The stock hit an intraday high of Rs.50.85 and low of Rs.46.95.

The total traded quantity was 88181 compared to 2 week average of 15018.

Source : Equity Bulls

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