KEI Industries allots 1 crore warrants

KEI Industries Ltd has announced that the Share Allotment Committee of the Board at its meeting held on August 26, 2009, has allotted 1,00,00,000 (One Crore) warrants convertible into equivalent number of equity shares of face value of Rs 2/- each of the Company.

The Promoter / Promoter Group entities Soubhagya Agency (P) Ltd and Shubhlaxmi Motels & Inns. (P) Ltd were allotted 3000000 warrants respectively.

Under Non Promoter Group, Amsan Trading Company (P) Ltd was allotted 1300000 warrants, R P Sharma Marketing (P) Ltd was allotted 700000 warrants and River Properties (P) Ltd was allotted 2000000 warrants.

The stock closed the day at Rs.29.10, up by Rs.1.35 or 4.86%. The stock hit an intraday high of Rs.29.10 and low of Rs.29.10.

The total traded quantity was 86892 compared to 2 week average of 59591.

Source : Equity Bulls

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