Kalpena Industries to consider allotment of 60 lakh warrants on Nov 27, 2009

Kalpena Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on November 27, 2009, inter alia, to consider the allotment of 60,00,000 (Sixty Lacs) warrants convertible into Equity Shares at a price of Rs. 80/- each at a premium of Rs. 70/- on preferential basis to M/s. Tara Holdings Pvt. Ltd. (30,00,000 Warrants) and M/s. Inbara Holdings Pvt. Ltd. (14,50,000 Warrants) collectively referred to as Promoter Group Companies and to M/s. Subh Labh Vintrade Pvt. Ltd. (15,50,000 Warrants), a Strategic Investors not forming part of Promoter Group, in compliance with Chapter VII of the SEBI (ICDR) Regulations, 2009, The Companies Act, 1956. The Securities Contracts (Regulation) Act, 1956, The Depositories Act, 1996.

The stock was trading at Rs.133.80, up by Rs.1.50 or 1.13%. The stock hit an intraday high of Rs.135 and low of Rs.133.80.

The total traded quantity was 498 compared to 2 week average of 4156.

Source : Equity Bulls

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