Jain Irrigation Systems allots 75 lakh Ordinary Equity Shares pursuant to conversion of Equity Warrants

The Securities Issuance Committee of Directors of Jain Irrigation Systems Ltd met on March 20, 2014 and alloted 75,00,000 Ordinary Equity Shares of Rs. 2 each at a issue price (including premium) of Rs. 86.30/- per share arising out of exercise of option attached to 75,00,000 Equity Warrants of Rs. 86.30 each issued on September 21, 2012.

Shares of JAIN IRRIGATION SYSTEMS LTD. was last trading in BSE at Rs.58.1 as compared to the previous close of Rs. 59.3. The total number of shares traded during the day was 222113 in over 1691 trades.

The stock hit an intraday high of Rs. 59.8 and intraday low of 57.7. The net turnover during the day was Rs. 13047357.

Source : Equity Bulls

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