Kemrock Industries approves FCCB issue

Kemrock Industries & Exports Ltd has announced that the Board of Directors of the Company at its meeting held on September 01, 2009, inter alia, has approved the opening of the proposed issue of Foreign Currency Convertible Bonds (FCCBs) in the week beginning on and after November 09, 2009.

The Price of Rs. 390/- (Rupees Three Hundred Ninety Only) per FCCB as determined w.r.t., relevant date.

The stock closed the day at Rs.416.55, up by Rs.4.80 or 1.17%. The stock hit an intraday high of Rs.432.30 and low of Rs.412.10.

The total traded quantity was 34179 compared to 2 week average of 12174.

Source : Equity Bulls

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