Kingfa Science & Technology India Ltd approves allotment of 19,99,893 Equity shares

The Rights Issue Committee of the Board of Directors of Kingfa Science & Technology (India) Ltd by a resolution passed today i.e. April 20, 2017 has approved the allotment of 19,99,893 Equity shares of face value of Rs.10/- each pursuant to issue of Rights Issue of Shares of the company.

Post the above allotment, the paid-up equity share capital of the company would stand at Rs. 12,11,04,610 consisting of 1,21,10,461 equity shares of Rs. 10 each.

The rights issue was offered at a price of Rs. 750 per equity share (including a premium of Rs. 740 per equity share).

Shares of Kingfa Science & Technology India Ltd was last trading in BSE at Rs.858.45 as compared to the previous close of Rs. 853.8. The total number of shares traded during the day was 1092 in over 79 trades.

The stock hit an intraday high of Rs. 861.6 and intraday low of 850.1. The net turnover during the day was Rs. 935983.

Source : Equity Bulls

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