Kirloskar Ferrous Industries allots 1000 Equity Shares against conversion of Detachable Warrants

Kirloskar Ferrous Industries Ltd has announced that the Rights Issue and Allotment Committee of the Company at its meeting held on January 10, 2011 has extinguished 1,000 Detachable Warrants and has allotted 1,000 Equity Shares of Rs. 5 each fully paid, pursuant to the conversion of Detachable Warrants into Equity Shares in terms of the Letter of Offer dated January 02, 2007.

consequent to allotment of Equity Shares against conversion of Detachable Warrants, the Paid up Share Capital of the Company stands increased from Rs. 686,535,405 to Rs. 686,540,405.

The stock closed the day at Rs.27.65, down by Rs.0.05 or 0.18%. The stock hit an intraday high of Rs.28.25 and low of Rs.25.05.

The total traded quantity was 0.69 lakhs compared to 2 week average of 0.55 lakhs.

Source : Equity Bulls

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