Kamat Hotels allots 1843810 shares

Kamat Hotels (India) Ltd has announced that the Board of Directors of the Company at its meeting held on August 25, 2010, inter alia, has allotted 18,43,810 fully paid up equity shares of Rs. 10/- each @ Rs. 135/- per share in the capital of the Company to the Bondholder upon conversion of part of FCCBs.

The issued, subscribed and paid up capital of the Company, after the allotment, has increased from Rs. 13,19,73,950 divided into 1,31,97,395 Equity shares of Rs. 10/- each to Rs. 15,04,12,050/- divided into 1,50,41,205 Equity Shares of Rs. 10/- each.

The stock was trading at Rs.112, down by Rs.2.25 or 1.97%. The stock hit an intraday high of Rs.115 and low of Rs.112.

The total traded quantity was 12201 compared to 2 week average of 6558.

Source : Equity Bulls

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