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    HomeNewsBusinessStocksKoutons mulls USD 200-mn preferential issue, stock up 13%

    Koutons mulls USD 200-mn preferential issue, stock up 13%

    Shares of Koutons Retail gained as much as 15.4% to hit an intraday high of Rs 8.48% on Friday after the company said it has considered the preferential issue of equity shares to promoters and others by way of preferential allotment/private placement/QIP/ADR/GDR/FCCB issues or by any other means for a value upto USD 200 million yesterday.

    May 18, 2012 / 14:22 IST

    Shares of Koutons Retail gained as much as 15.4% to hit an intraday high of Rs 8.48% on Friday after the company said it has considered the preferential issue of equity shares to promoters and others by way of preferential allotment/private placement/QIP/ADR/GDR/FCCB issues or by any other means for a value upto USD 200 million yesterday.
     
    At 14:14 hours IST, the share was trading at Rs 8.30, up 12.93%. Market capitalisation of the company stands at Rs 25.36 crore.

    Its trading volumes jumped 234% to 3,71,457 shares as compared to its 5-day average of 1,11,338 shares.

    In the previous trading session, the share closed up 4.11% or Rs 0.29 at Rs 7.35.

    first published: May 18, 2012 02:21 pm

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