Jindal Stainless Ltd allots 11000000 Equity Shares

On December 19, 2014, Jindal Stainless Ltd has allotted 1,10,00,000 equity shares of Rs. 2/- each to "JSL Overseas Limited", a member of promoter group upon conversion of 1,10,00,000 Cumulative Compulsory Convertible Preference Shares (CCCPS) of Rs. 2/- each.

Consequent upon the above said allotment, the paid up equity share capital of the company has increased from Rs. 43,07,50,010/- to 45,27,50,010/- divided into 22,63,75,005 equity shares of Rs. 2/- each.

Shares of JINDAL STAINLESS LTD. was last trading in BSE at Rs.30.3 as compared to the previous close of Rs. 30.45. The total number of shares traded during the day was 209865 in over 1974 trades.

The stock hit an intraday high of Rs. 32 and intraday low of 29.95. The net turnover during the day was Rs. 6512073.

Source : Equity Bulls

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