S Kumars Nationwide allots 12425000 warrants at Rs 64.53

S. Kumars Nationwide Ltd has announced that the Committee of Directors of the Company has allotted 1,24,25,000 nos. of equity share warrants at a price of Rs. 64.53 paise each on a preferential basis to the promoter group Company M/s. Sansar Exim Pvt. Ltd. in their meeting held on June 15, 2010.

The Company has received Rs. 20,04,46,313/- being the 25% subscription amount as per SEBI (ICDR) Regulations, 2009.

The said warrant can be converted into one equity share of Rs. 10/- each at a premium of Rs. 54.63 paise per equity share within a period of 18 months from the date of allotment i.e. June 15, 2010.

The stock was trading at Rs.75.70, down by Rs.0.90 or 1.17%. The stock hit an intraday high of Rs.77.10 and low of Rs.74.80.

The total traded quantity was 110567 compared to 2 week average of 873307.

Source : Equity Bulls

Keywords