Kohinoor Foods jumped 7.36% at Rs 40.85 at 09:20 IST on BSE after the company allotted 70.48 lakh equity shares at Rs 160 each to Al Dahra International Investments LLC, UAE, after receiving the total consideration of Rs 112.77 crore.
The announcement was made after hours on Thursday, 5 December 2013.
Meanwhile, the S&P BSE Sensex was down 14.69 points, or 0.07%, to 20,943.12
On BSE, 24,238 shares were traded in the counter as against an average daily volume of 32,204 shares in the past one quarter.
The stock hit a high of Rs 41.50 and a low of Rs 40.20 so far during the day. The stock had hit a 52-week low of Rs 22.25 on 28 March 2013. The stock had hit a 52-week high of Rs 57.60 on 17 July 2013.
The small-cap food products maker has an equity capital of Rs 28.19 crore. Face value per share is Rs 10.
Kohinoor Foods' net profit rose 5.7% to Rs 4.80 crore on 11.8% increase in net sales to Rs 277.99 crore in Q2 September 2013 over Q2 September 2012.
Kohinoor Foods makes an extensive range of food products like basmati rice, ready-to-eat products, cook-in sauces, cooking pastes, spices, seasonings and frozen food.
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