Kavveri Telecom Products allots 2952500 Equity Shares at Rs.135

Kavveri Telecom Products Ltd has completed the issue and allotment of 29,52,500 equity shares of face value of Rs. 10 each (the "Equity Shares") under Chapter VIII of the SEBI (ICDR) Regulation, at a price of Rs. 135 per Equity Share, including a premium of Rs. 125 per Equity Share, aggregating to an amount of Rs. 398,587,500/-.

The stock closed the day at Rs.140.95, up by Rs.4.50 or 3.30%. The stock hit an intraday high of Rs.141.95 and low of Rs.137.

The total traded quantity was 0.10 lakhs compared to 2 week average of 0.43 lakhs.

Source : Equity Bulls

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