JIK Industries allots shares at Rs 13.80

JIK Industries Ltd has announced that the Board of Directors of the Company at its meeting held on December 07, 2007, has allotted 2,02,000 Equity Shares of Rs 10/- each @ a premium of Rs 3.80 (i.e. aggregate price Rs 13.80 per share) to investors.

The allotment of 4,16,98,100 partly paid-up Equity Shares to Promoters will be considered after getting in-principle approval from the exchange and fulfilling other compliances.

The stock was trading at Rs.10.26, up by Rs.0.48 or 4.91%. The stock hit an intraday high of Rs.10.26 and low of Rs.10.26.

The total traded quantity was 37857 compared to 2 week average of 54290.

Source : Equity Bulls

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