S.Kumars Nationwide allots 66,25,000 warrants to Mauritius Debt Management Ltd

S.Kumars Nationwide Ltd has announced that the Board of Directors of the Company at its meeting held on May 31, 2007 has confirmed the receipt of 10% allotment money i.e. Rs 21,86,25,000/- and as such allotted 66,25,000 Equity Share Warrants - "Series A" of Rs 330/- each aggregating approx Rs 218.63 Crores carrying an entitlement to subscribe to 4 Equity Shares of Rs 10/- each at a price of Rs 82.50 per equity share (including a premium of Rs 72.50 per equity share) to Mauritius Debt Management Ltd, Mauritius.

The stock was trading at Rs.81.20, up by Rs.0.75 or 0.93%. The stock hit an intraday high of Rs.82.05 and low of Rs.80.55. The total traded quantity was 210646 compared to 2 week average of 407937.

Source : Equity Bulls

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