Jaihind Projects to issue 15 Lakhs shares

Jaihind Projects Ltd has announced that the Board of Directors of the Company at its meeting held on September 21, 2007, has taken the following decisions subject to approval for members in the Extra Ordinary General Meeting which is schedule on October 21, 2007.

1. Issuance of 15,00,000 Equity Shares of Rs 10 each at such premium as per the SEBI (Disclosure and Investor Protection) Guidelines, 2000 on relevant date which is fixed on September 21, 2007 to the persons acting in concern with the promoter's /Director's of the Company on preferential basis.

2. Approval of Notice of the Extra Ordinary General Meeting for seeking approval u/s 81(IA) the Companies Act, 1956 and the SEBI (Disclosure and Investor Protection) Guidelines, 2000 to be held on September 21, 2007 by way of Special Resolution for the above said purpose.

The stock was trading at Rs.119, up by Rs.1.35 or 1.15%. The stock hit an intraday high of Rs.129 and low of Rs.118.

The total traded quantity was 10481 compared to 2 week average of 44199.

Source : Equity Bulls

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