KEC International allots 2073068 shares on Amalgamation

KEC International Ltd has announced that pursuant to the Scheme of Amalgamation of RPG Cables Ltd with KEC International Ltd and their Respective Shareholders, the Company has on April 26, 2010 issued and allotted 20,73,068 fully paid up equity shares of Rs 10/- each of the Company to the equity shareholders of the erstwhile RPG Cables Ltd as on the record date i.e. April 19, 2010 in the ratio of 1 (One) filly paid up equity share of Rs 10/- each of the Company for every 20(Twenty) fully paid up equity shares of Rs 10/- each held in erstwhile RPG Cables Ltd.

The stock was trading at Rs.585, up by Rs.10.70 or 1.86%. The stock hit an intraday high of Rs.589.65 and low of Rs.576.20.

The total traded quantity was 1668 compared to 2 week average of 6345.

Source : Equity Bulls

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