Jain Irrigation Systems Ltd allots 14100000 equity shares at Rs. 80

The Securities Issuance Committee-1 of Board of Directors of Jain Irrigation Systems Ltd met on March 24, 2016 and on receipt of balance 75% amount (Rs. 60 per Warrant) allotted 1,41,00,000 Ordinary Equity Shares of Rs. 2 each as at a premium of Rs. 78 each in conversion of 1,41,00,000 Equity Warrants of Rs. 80 each to Promoter Group Entity i.e. JAF Products Private Limited on a Preferential basis.

Shares of JAIN IRRIGATION SYSTEMS LTD. was last trading in BSE at Rs.56.35 as compared to the previous close of Rs. 56.55. The total number of shares traded during the day was 321754 in over 1338 trades.

The stock hit an intraday high of Rs. 57.8 and intraday low of 56.1. The net turnover during the day was Rs. 18304439.

Source : Equity Bulls

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