Kale Consultants allots 725525 Equity Shares

Kale Consultants Ltd has announced that the Board of Directors of the Company, on June 11, 2010, has allotted equity shares arising out of conversion of warrants on preferential basis to promoters of the Company as Narendra Harihar Kale (350,000 shares) and Vipul Prashad Jain (375,525 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 closed the day at Rs.133.65, up by Rs.1.60 or 1.21%. The stock hit an intraday high of Rs.136.45 and low of Rs.132.65.

The total traded quantity was 141239 compared to 2 week average of 126687.

Source : Equity Bulls

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