S.Kumars Nationwide to consider allotment of 13122400 shares at Rs 82.50

S.Kumars Nationwide Ltd has announced that the meeting of the Committee of Directors (CoD) of the Company will be held on April 01, 2009, to convert and allot 1,31,22,400 nos of Fully Convertible Debentures into 1,31,22,400 nos of equity shares of Rs 10/- each @ premium of Rs 72.50 each to the holder of FCD's i.e. Anjani Finvest Pvt. Ltd - Promoter Group Company.

The S.Kumars stock closed the day at Rs.17.55, up by Rs.1.95 or 12.50%. The stock hit an intraday high of Rs.18.95 and low of Rs.15.65.

The total traded quantity was 5274019 compared to 2 week average of 1310095.

Source : Equity Bulls

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