KS Oils to allot 1,24,09,520 shares

KS Oils Ltd has announced that the Board of Directors of the Company at its meeting held on July 15, 2009, has considered & approved the allotment of 1,24,09,520 Equity Shares of Rs 1/- each underlying the GDRs issue and raised fund of USD 12,347,472.40.

The stock closed the day at Rs.51.70, up by Rs.1.20 or 2.38%. The stock hit an intraday high of Rs.51.90 and low of Rs.50.40.

The total traded quantity was 1173668 compared to 2 week average of 997049.

Source : Equity Bulls

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