Kalyani Steels allots NCDs worth Rs 50 crore

Kalyani Steels Ltd has announced that the Board of Directors of the Company at its meeting held on July 03, 2009, has issued and allotted Unsecured Redeemable Non-Convertible Debentures, aggregating to Rs 500 Million, on Private Placement basis to J.M. Financial Mutual Fund, to meet the short term working capital requirements.

The stock closed the day at Rs.100, up by Rs.0.60 or 0.60%. The stock hit an intraday high of Rs.101.80 and low of Rs.98.15.

The total traded quantity was 177662 compared to 2 week average of 38728.

Source : Equity Bulls

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