Kale Consultants allots 369475 Equity Shares

Kale Consultants Ltd has announced that the Board of Directors of the Company at its meeting held on March 30, 2010, has allotted equity shares arising out of conversion of warrants on preferential basis to promoters of the Company.

The allottees include Narendra Harihar Kale - 25,000 shares, Vipul Prashad Jain - 144,475 shares and Nanda Narendra Kale - 200,000 shares.

Further the Company has stated that, the entire consideration of Rs. 44.01 per equity share has been paid by each of the allottees before allotment of the aforesaid equity shares.

The stock was trading at Rs.87.35, down by Rs.0.40 or 0.46%. The stock hit an intraday high of Rs.90.10 and low of Rs.86.20.

The total traded quantity was 23569 compared to 2 week average of 47175.

Source : Equity Bulls

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