Kanpur Plastipack allots 20 lakh RCPS

Kanpur Plastipack Ltd has announced that the Board of Directors of the Company at its meeting held on November 30, 2010, has allotted 20,00,000 (Twenty Lacs) 12% Redeemable Cumulative Preference Shares of Rs. 10/- each for a total value of Rs. 2 Crore to the promoters' group, at par, on preferential basis.

Further the Company has informed that these Preference Shares are not sought to be listed at Stock Exchange(s).

The stock was trading at Rs.34.25, up by Rs.0.85 or 2.54%. The stock hit an intraday high of Rs.34.45 and low of Rs.32.75.

The total traded quantity was 2393 compared to 2 week average of 9942.

Source : Equity Bulls

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