Kisan Mouldings allots 2048375 shares on conversion of warrants

Kisan Mouldings Ltd has announced that the Board of Directors of the Company at its meeting held on April 05, 2010, inter alia, considered and approved the allotment of 20,48,375 Equity Shares of Rs. 10/- each to the holders of the Share Warrants on exercise of right by the Warrant Holders attached with the said Warrants.

The stock was trading at Rs.46.35, up by Rs.1.80 or 4.04%. The stock hit an intraday high of Rs.46.60 and low of Rs.43.50.

The total traded quantity was 21175 compared to 2 week average of 52284.

Source : Equity Bulls

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