Kalpena Industries allots 940986 shares

Kalpena Industries Ltd (KIL) has announced that the Board of Directors of the Company at its meeting held on September 22, 2010, has allotted 940986 nos. of equity shares of Rs. 10/- each, fully paid up, to the shareholders of Alkom Speciality Compounds Ltd. (ASCL), as on the Record date (i.e. September 21, 2010) fixed by them, in the share exchange Ratio as provided in the Scheme of Amalgamation approved by Hon'ble Calcutta High Court i.e. 1 (one) fully paid up equity shares of Rs. 10/- each of KIL for every 10 (ten) fully paid up equity shares of Rs. 10/- each of ASCL.

Consequent to the aforesaid allotment, the paid up capital of the Company has gone up from Rs. 17,55,36,000/- to Rs. 18,49,45,860/- consisting of 18494586 equity shares of Rs. 10/- each.

The stock closed the day at Rs.131.95, up by Rs.1.70 or 1.31%. The stock hit an intraday high of Rs.134.95 and low of Rs.128.05.

The total traded quantity was 2534 compared to 2 week average of 6924.

Source : Equity Bulls

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