Kisan Mouldings approves conversion of 26 lakh warrants

Kisan Mouldings Ltd has announced that the Board of Directors of the Company at its meeting held on January 28, 2011, inter alia, considered and approved the conversion of 26,00,000 (Twenty Six Lacs) Optionally Fully Convertible Warrants into fully paid up 26,00,000 (Twenty Six Lacs) Equity Shares of Rs. 10/- each at an issue price of Rs. 57/- (Rupees Fifty seven only) each.

The stock was trading at Rs.34.50, down by Rs.1.55 or 4.30%. The stock hit an intraday high of Rs.36.25 and low of Rs.30.05.

The total traded quantity was 21571 compared to 2 week average of 5809.

Source : Equity Bulls

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