Jyoti Structures to raise Rs. 120 crores through QIP

The Board of Directors of Jyoti Structures Ltd at its meeting held on June 30, 2014, has approved to issue equity shares for an amount not exceeding Rs. 120 crores to qualified institutional buyers under the Qualified Institutions Placement.

Shares of JYOTI STRUCTURES LTD. was last trading in BSE at Rs.60.8 as compared to the previous close of Rs. 59.35. The total number of shares traded during the day was 602429 in over 5662 trades.

The stock hit an intraday high of Rs. 61.4 and intraday low of 59.7. The net turnover during the day was Rs. 36567207.

Source : Equity Bulls

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