S.Kumars Nationwide approves allotment of shares to QIBs

S.Kumars Nationwide Ltd has announced that the Committee of Board of Directors (CoD) of the Company at its meeting held on November 28, 2006, has approved the allotment of 2,30,52,519 Equity Shares of the face value of Rs 10/- each at Rs 78/- per Equity Share to Qualified Institutional Buyers in accordance with the Guidelines for "Qualified Institutions Placement" under Chapter XIII-A of the Securities and Exchange of India (Disclosure and Investor Protection) Guidelines, 2000.

Source : Equity Bulls

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