Jain Irrigation Systems Ltd calls for Securities Issuance Committee Meeting on March 24, 2016

A meeting of the Securities Issuance Committee-1 of Board of Directors of Jain Irrigation Systems Ltd is scheduled to be held on March 24, 2016 to consider allotment of 14,100,000 Ordinary Equity Shares of Rs. 2 each cash at a premium of Rs. 78 each in conversion of 14,100,000 Equity Warrants of Rs. 80 each allotted on February 24, 2016 to JAF Products Pvt Ltd (Promoters' group entity) on preferential basis.

Shares of JAIN IRRIGATION SYSTEMS LTD. was last trading in BSE at Rs.56.55 as compared to the previous close of Rs. 56.5. The total number of shares traded during the day was 583262 in over 2029 trades.

The stock hit an intraday high of Rs. 57.4 and intraday low of 56.25. The net turnover during the day was Rs. 33213391.

Source : Equity Bulls

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