JIK Industries Board to consider allotment of shares as per BIFR order

JIK Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on June 30, 2007, inter alia, to consider allotment of 39,50,507 Equity Shares of Rs 10/- each at a premium of Rs 3.80 per share and 32,27,623 Fully Convertible Bonds of face value of Rs 69/- each convertible into 5 Equity Shares on private placement basis pursuant to Hon'ble BIFR orders.

The stock was trading at Rs.8.60, down by Rs.0.01 or 0.12%. The stock hit an intraday high of Rs.8.98 and low of Rs.8.46. The total traded quantity was 7891 compared to 2 week average of 15093.

Source : Equity Bulls

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