Jyothi Infraventures Ltd calls for Board Meeting on May 23, 2014

A meeting of the Board of Directors of Jyothi Infraventures Ltd will be held on May 23, 2014, to consider and approve the proposal to table the Order received from Honourable High Court of Andhra Pradesh regarding approval of Scheme of Arrangement (consists of Reduction of Capital & fresh issue of 24,52,117 Equity shares of Rs. 10/- each to Promoters, strategic investors etc..) and consider & approve the steps for implementation of the Scheme of arrangement.

The Board will consider and approve the record date for reduction of Share Capital of the Company.

Shares of JYOTHI INFRAVENTURES LTD. was last trading in BSE at Rs.6.44 as compared to the previous close of Rs. 6.77. The total number of shares traded during the day was 1200 in over 6 trades.

The stock hit an intraday high of Rs. 7.1 and intraday low of 6.44. The net turnover during the day was Rs. 8394.

Source : Equity Bulls

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