Kanco Enterprises allots 25 lakh shares

Kanco Enterprises Ltd has announced that the Board of Directors of the Company at its meeting held on August 17, 2010, inter alia, has considered and allotted the 25,00,000 (Twenty Five Lacs) equity shares to the allottees on preferential basis.

The allottees include Jainex Securities Pvt. Ltd. - 15,00,000 equity shares and Magenta Nirman Pvt. Ltd. - 10,00,000 equity shares.

The stock was trading at Rs.6.21, down by Rs.0.29 or 4.46%. The stock hit an intraday high of Rs.6.80 and low of Rs.6.21.

The total traded quantity was 350 compared to 2 week average of 2904.

Source : Equity Bulls

Keywords