K Sera Sera Productions concludes placement of GDRs

K Sera Sera Productions Ltd has announced that the Company has successfully concluded placement of 44,75,238 Global Depositary Receipts at USD 6.70 per Global Depositary Receipt (Representing 13,42,57,140 Underlying Equity Shares of Rs. 10/- each).

The Board of Directors at its meeting held on October 16, 2009 has approved and allotted 44,75,238 Global Depositary Receipts and 13,42,57,140 underlying Equity Shares of Rs. 10/- each representing the said GDR.

The stock closed the day at Rs.21.40, up by Rs.0.85 or 4.14%. The stock hit an intraday high of Rs.21.45 and low of Rs.20.

The total traded quantity was 1779533 compared to 2 week average of 621151.

Source : Equity Bulls

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