Kamat Hotels India allots 1954196 shares

The Securities Issue Committee of Kamat Hotels (India) Ltd has, at its meeting held on January 30, 2012, allotted 19,54,196 fully paid up equity shares of Rs. 10/- each @ Rs. 135/- per share in the capital of the Company to "Systematix Corporate Services Ltd. Escrow A/c Clearwater Capital Partners (Cyprus) Limited - Open Offer", upon conversion of entire 5966 outstanding FCCBs.

The issued, subscribed and paid up capital of the Company, after the allotment, has increased from Rs. 17,13,91.980/- divided into 1,71,39,198 Equity shares of Rs. 10/- each to Rs. 19,09,33,940/- divided into 1,90,93,394 Equity Shares of Rs. 10/- each.

The Kamat Hotels (India) Ltd stock closed the day at Rs.127, up by Rs.0.90 or 0.71%. The stock hit an intraday high of Rs.127 and low of Rs.126.

The total traded quantity was 0.17 lakhs compared to 2 week average of 0.12 lakhs.

Source : Equity Bulls

Keywords