Kwality Ltd approves conversion of warrants, CCDs

The meeting of Board of Directors of Kwality Limited was held on Monday, February 19, 2018 at its registered office at KDIL House, F-82, Shivaji Place, Rajouri Garden, New Delhi-110027 is concluded at 01.00 PM and the Board discussed and approved the conversion of 1 (One) convertible warrant into 21,69,762 equity shares at a price of Rs 115.22/- per share aggregating to Rs 25 crore allotted to Bennett, Coleman & Co Ltd at a face value of Rs 1/- each.

The Board also approved conversion of 1 (One) Compulsorily Convertible Debenture into 12,15,066 equity shares at a price of Rs 115.22/- per share aggregating to Rs 14 crore allotted to HT Media Ltd at a face value of Rs 1/- each.

Shares of Kwality Limited was last trading in BSE at Rs.84.7 as compared to the previous close of Rs. 88.35. The total number of shares traded during the day was 629694 in over 2472 trades.

The stock hit an intraday high of Rs. 89.15 and intraday low of 82.45. The net turnover during the day was Rs. 53305672.

Source : Equity Bulls

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