Jyothy Laboratories Ltd allots 1.5 crore shares on preferential basis at Rs. 175.15

In pursuance to the Shareholders' approval at the EGM of Jyothy Laboratories Ltd held on November 19, 2013 and the In-Principle Approval granted by the Stock Exchanges, the Preferential Allotment Committee of the Board of Directors of the Company at its meeting held on December 03, 2013, has allotted 1,50,00,000 (One Crore Fifty Lacs) equity shares of the Company of Re. 1/- each to Sahyadri Agencies Limited on Preferential basis at the Issue Price of Rs. 175.15 per Equity Share (including Rs. 174.15 towards share premium) against receipt of entire amount payable by Sahyadri Agencies Ltd in cash aggregating to Rs. 262,72,50,000/- in terms of Chapter VII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.

Consequent to the aforesaid allotment, the paid-up capital of the Company has increased from Rs. 16,60,23,496/- to Rs. 18,10,23,496/-.

Shares of Jyothy Laboratories Ltd was last trading BSE at Rs.188.65 up by Rs.2.30 or 1.23%. The stock hit an intraday high of Rs.189.75 and intraday low of Rs.185.15.

The total traded quantity was 9507 shares as compared to 2 week average of 0.11 lakh shares.

Source : Equity Bulls

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