Shree Krishna Paper Mills & Industries allots 2070000 shares

In accordance with the Special Resolution passed through Postal Ballot as per section 192A of Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2011, Shree Krishna Paper Mills & Industries Ltd in its Board Meeting held on January 14, 2012 has allotted 20,70,000 Equity shares of Rs. 10/- each for cash at a premium Rs. 6/- per share on preferential basis to M/s. Gopala Sales Pvt. Ltd., M/s. Global Manufacturers & Products Pvt. Ltd. and M/s. SKCS Finvest Pvt. Ltd., Bodies Corporate incorporated in India.

The Shree Krishna Paper Mills & Industries Ltd stock last traded on January 11, 2012 at Rs.13, down by Rs.0.35. The stock hit an intraday high of Rs.13 and low of Rs.13.

The total traded quantity was 95 compared to 2 week average of 548.

Source : Equity Bulls

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