Kaiser Press Ltd to re-issue 232477 forfeited shares

The Board of Directors of Kaiser Press Ltd at its meeting held on November 01, 2011, have decided to re-issue 2,32,477 forfeited Equity Shares to M/s. Oxcamb Investments Ltd. being the Non Promoter overseas body corporate subject to the approval of Shareholders at the ensuing Annual General Meeting which is scheduled to be held on December 01, 2011 and subject to the SEBI guidelines.

The forfeited equity shares shall be re-issued at Rs. 12.07 per share including 2.07 being the premium per share as per the SEBI pricing guidelines.

The stock was trading at Rs.14.10, up by Rs.0.60 or 4.44%. The stock hit an intraday high of Rs.14.10 and low of Rs.14.10.

The total traded quantity was 50 compared to 2 week average of 305.

Source : Equity Bulls

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