K S Oils alltos 16461337 shares on conversion of warratns

K S Oils Ltd has announced that the Board of Directors of the Company at its meeting held on December 30, 2010, have approved the allotment of 1,64,61,337 Equity Shares of Rs. 1/- each to Promoters on conversion of warrants issued to promoters on July 01, 2009 @ Rs. 54.50/- per Equity Shares.

The stock closed the day at Rs.47.30, up by Rs.1.40 or 3.05%. The stock hit an intraday high of Rs.47.65 and low of Rs.45.40.

The total traded quantity was 18.74 lakhs compared to 2 week average of 20.66 lakhs.

Source : Equity Bulls

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