Kinetic Engineering allots shares on conversion of OCCPS

Kinetic Engineering Ltd has announced that the meeting of the Allotment Committee of the Board of Directors held on July 23, 2009, inter alia, have allotted shares on conversion of OCCPS.

Pursuant to the Conversion Notice dated July 22, 2009 received from AIG Asian Opportunity Fund II L.P., 4,40,000 Equity shares of Rs. 10 each at a premium of Rs. 146 per share, have been issued and allotted to AIG Asian Opportunity Fund II L.P., by converting 4,40,000 OCCPS of Rs. 156 each.

Pursuant to the Conversion Notice dated July 23, 2009 received from Micro Age Instruments Pvt. Ltd, 3,18,884 Equity shares of Rs. 10 each at a premium of Rs. 146 per share, have been issued and allotted to Micro Age Instruments Pvt. Ltd, by converting 3,18,884 OCCPS of Rs. 156 each.

The stock was trading at Rs.46.10, up by Rs.2.15 or 4.89%. The stock hit an intraday high of Rs.46.10 and low of Rs.46.10.

The total traded quantity was 635 compared to 2 week average of 3429.

Source : Equity Bulls

Keywords