KJMC Financial Services to consider allotment of CCPS

A meeting of the Board of Directors of KJMC Financial Services Ltd will be held on January 10, 2014, to consider and approve issue and allotment of 0% Compulsory Convertible Preference shares ("GCPS") of Rs. 100/- each to KJMC Corporate Advisors (India) Limited, a promoter group company on preferential basis which shall be Compulsorily convertible into equity shares of the Company at a price determined in accordance with the SEBI ICDR Regulations.

Shares of KJMC Financial Services Ltd was last trading BSE at Rs.19, down by Rs.0.95 or 4.76%. The stock hit an intraday high of Rs.19 and intraday low of Rs.19.

The total traded quantity was 1 shares as compared to 2 week average of 1 shares.

Source : Equity Bulls

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