K S Oils to allot 1.64 cr shares to Promoters

KS Oils

K S Oils Ltd at the moment thought its board has accepted the part of 1.64 crore justness shares of Re 1 both to its promoters.

"... Board of Directors in its first acquaintance held on December 30, 2010 maintain accepted the part of 1.64 crore justness shares of Re 1 both to promoters on conversion of warrants issued to promoters on July 2009...," the company thought in a filing to Bombay Stock Exchange.

The company would alloted the justness shares by the side of a prices of Rs 54.5 apiece piece to the promoters.

K S Oils has issued 1.64 convertible warrants to its promoters on July 1, 2009, which will be converted into shares in place of allotting them to promoters.