Kirloskar Ferrous allots 540 Equity Shares

Kirloskar Ferrous Industries Ltd has announced that the Rights Issue and Allotment Committee of the Board of Directors of the Company at its meeting held on October 10, 2009 has extinguished 540 Detachable Warrants and has allotted 540 Equity Shares of Rs. 5 each fully paid, pursuant to the conversion of Detachable Warrants into Equity Shares in terms of the Letter of Offer dated January 02, 2007.

Consequent to the allotment of Equity Shares, the Paid up Share Capital of the Company stands increased from Rs. 686,473,295 to Rs. 686,475,995.

The stock closed the day at Rs.24.10 down by Rs 0.05 or 0.21%. The stock hit an intraday high of Rs 24.70 and intraday low of Rs 24.

The total traded quantity was 80977 compared to 2 week average of 132605.

Source : Equity Bulls

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