Kisan Mouldings approves issue of 2.6 million warrants

Kisan Mouldings Ltd has announced that the Board of Directors of the Company at its meeting held on August 14, 2010, inter alia, has considered the issue of 26,00,000 Optionally Fully Convertible Warrants on Preferential basis at a price to be determined under the applicable ICDR.

The Board also approved adoption of Employees Stock Options Plan (ESOP) by setting aside 5,00,000 Equity Shares from the share capital of the Company.

The stock closed the day at Rs.48.20, down by Rs.0.95 or 1.93%. The stock hit an intraday high of Rs.50.45 and low of Rs.48.

The total traded quantity was 18933 compared to 2 week average of 18823.

Source : Equity Bulls

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