Kesar Enterprises to consider conversion of OCPS

A Meeting of the Board of Directors of Kesar Enterprises Ltd will be held on March 07, 2013, to consider the letters received from the 3 Allottees of Zero Coupon Optionally Convertible Preference Shares ("OCPS") exercising their option to convert 38,47,500 OCPS being the part of the 82,35,000 OCPS allotted to them on February 06, 2013, into 8,55,000 Equity Shares of Rs. 10/- each at a price of Rs. 45/- per share (including premium of Rs. 35/-) as per terms & conditions of OCPS.

The Kesar Enterprises Ltd stock was trading at Rs.32.90, down by Rs.0.60 or 1.79%. The stock hit an intraday high of Rs.35.55 and low of Rs.31.40.

The total traded quantity was 15845 compared to 2 week average of 564.

Source : Equity Bulls

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