KBS Capital Management allots 18 lakhs shares

KBS Capital Management Ltd has announced that the Board of Directors of the Company at its meeting held on October 29, 2010, inter alia, issued and allotted 18,00,000 Equity shares of Rs. 10/- each upon conversion of warrants at a price of Rs. 25.16 (including premium of Rs. 15.16) issued on preferential basis.

The stock closed the day at Rs.45. The stock hit an intraday high of Rs.45 and low of Rs.45.

The total traded quantity was 2973 compared to 2 week average of 7063.

Source : Equity Bulls

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