JVL Agro Industries Ltd allots 1,20,00,000 shares

The Board of Directors of JVL Agro Industries Ltd at its meeting held on March 31, 2012 have allotted 1,20,00,000 Equity Shares of the face value of Re. 1/- each, at a premium of Rs. 18/- each, pursuant to the conversion of 12,00,000 Warrants allotted on preferential allotment basis to M/s. Aryan Multibusiness (P) Ltd, an entity belonging to the Promoter category.

The JVL Agro Industries Ltd stock was trading at Rs.18, up by Rs.0.80 or 4.65%. The stock hit an intraday high of Rs.18 and low of Rs.17.25.

The total traded quantity was 0.18 lakhs compared to 2 week average of 0.47 lakhs.

Source : Equity Bulls

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