Kesar Enterprises to consider conversion of 43,87,500 OCPS

A Meeting of the Committee of the Directors of Kesar Enterprises Ltd will be held on May 13, 2013 to consider the letters received from the 2 Allottees of Zero Coupon Optionally Convertible Preference Shares "OCPS") exercising their option to convert 43,87,500 OCPS allotted to them on February 06, 2013, into 9,75,000 Equity Shares of Rs.10/- each at a premium of Rs. 35/- per share as per terms & conditions of OCPS.

Shares of Kesar Enterprises Ltd was last trading in BSE at Rs.323.5, down by Rs.1.65 or 4.85%. The stock hit an intraday high of Rs.32.35 and low of Rs.32.35.

The total traded quantity was 100 compared to 2 week average of 132.

Source : Equity Bulls

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