Jindal Steel & Power Acquisition of 40,000 partly paid up shares in Jindal Steel, Bolivia, SA

Jindal Steel & Power Ltd has announced that the Company has been allotted 40,000 partly paid up (partly paid up to the extent of 25 Bolivinos per share) shares of the face value of 100 Bolivinos each in Jindal Steel, Bolivia, SA (incorporated under the laws of Bolivia) on April 12, 2007. Consequent to this, Jindal Steel, Bolivia, SA has become the subsidiary of the Company from that date.

The stock closed the day at Rs.2555.10, down by Rs.23.05 or 0.89%. The stock hit an intraday high of Rs.2575 and low of Rs.2545. The total traded quantity was 1535 compared to 2 week average of 9441.

Source : Equity Bulls

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