JIK Industries to issue 132000 shares at Rs 13.80

JIK Industries Ltd has announced that the Board of Directors of the Company at its meeting held on January 28, 2008, inter alia, has considered the issue of further 1,32,000 Equity Shares of Rs 10/- each @ a premium of Rs 3.80 (i.e. aggregate price Rs 13.80 per share) to Investors as per Hon'ble BIFR Orders dated March 05, 2007 & May 25, 2007.

Due to non-receipt of in-principle approval from regulatory the Board could not considered allotment of 8,54,941 Equity Shares to Promoter.

Source : Equity Bulls

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