Kirloskar Ferrous allots 180 Equity Shares

Kirloskar Ferrous Industries Ltd has announced that the Rights Issue and Allotment Committee of the Board of Directors of the Company at its meeting held on April 10, 2009, has extinguished 180 Detachable Warrants and has allotted 180 Equity Shares of Rs 5 each fully paid, pursuant to the conversion of Detachable Warrants into Equity Shares in terms of the Letter of Offer dated January 02, 2007.

Consequent to the allotment of Equity Shares, the Paid up Share Capital of the Company stands increased from Rs 686,472,395 to Rs 686,473,295.

The stock was trading at Rs.14.30, up by Rs.0.27 or 1.92%. The stock hit an intraday high of Rs.14.50 and low of Rs.13.62.

The total traded quantity was 58973 compared to 2 week average of 143295.

Source : Equity Bulls

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