Comments
The board of Kwality Ltd has approved the conversion of 1.55 crore warrants into an equal number of equity shares of face value ₹1 each to Pashupati Dairies Private Ltd. The warrants were allotted in November 2014 and can be converted into equity shares in 18 months. The stock, however, on Tuesday closed on the BSE at ₹39.90, against the issued price of ₹48.25 a share.
HPC Biosciences has informed the BSE that its board has approved a stock split proposal to reduce the face value of each share from ₹10 each to 10 shares of ₹1 each. Meanwhile, the board of HPC Biosciences, which is listed on the BSE SME, has decided to withdraw the application for a right issue filed with the BSE through a draft letter of offer on June 11, 2014. The company has said that it has received a no-objection certificate from its merchant banker - Choice Capital Advisors Pvt Ltd - for the withdrawal. Shares of HPC Biosciences slipped one per cent at ₹470 on the BSE SME platform.
Karuturi Global has informed the exchanges that the board meeting of the company fixed for January 28 has been deferred due to unavoidable circumstances. “The next date of the meeting will be intimated in due course,” the company said. The proposed board meeting was scheduled to consider and approve the consolidated audited accounts for financial year ended March 31, 2014 and un-audited financial accounts of the company for the quarter ended December 31, 2014. Shares of Karuturi Global closed flat at ₹1.35 on the NSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.