KSK Energy Ventures allots 26525714 Equity Shares to QIBs

KSK Energy Ventures Ltd has announced that in respect of issue of equity shares of face value Rs. 10 each the duly authorised Committee of the Board of Directors of the Company has, at its meeting held on November 17, 2009, issued and allotted 26,525,714 equity shares of face value Rs. 10 each at a price of Rs. 194.50 per Equity Share (including share premium of Rs. 184.50 per Equity Share) aggregating to Rs. 5,159,251,373 (Rupees Five Billion One Hundred Fifty Nine Million Two Hundred Fifty One Thousand and Three Hundred Seventy Three) to Qualified Institutional Buyers ("QIB") under qualified institutions placement under Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended.

The stock closed the day at Rs.204.30, down by Rs.0.55 or 0.27%. The stock hit an intraday high of Rs.207.30 and low of Rs.202.

The total traded quantity was 28518 compared to 2 week average of 79225.

Source : Equity Bulls

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