Jubilant Life Sciences Ltd to raise Rs. 1000 crores by NCD issue

At the meeting of the Board of Directors of Jubilant Life Sciences Ltd (the 'Board') held on October 27, 2016 at 1:30 p.m. and concluded at 3:15 p.m., the Board has decided to obtain, an enabling approval from the shareholders of the Company through Postal Ballot for issuance of Redeemable Non-Convertible Debentures on private placement basis upto an amount of Rs. 1,000 crore.

Shares of JUBILANT LIFE SCIENCES LIMITED was last trading in BSE at Rs.689.25 as compared to the previous close of Rs. 649.3. The total number of shares traded during the day was 269901 in over 8871 trades.

The stock hit an intraday high of Rs. 698 and intraday low of 637.5. The net turnover during the day was Rs. 184277495.

Source : Equity Bulls

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