JSPL allots 20,53,995 shares

Pursuant to the in principle approvals of BSE Limited and National Stock Exchange of India Limited in respect of the issue and allotment of the equity shares under JSPL ESPS Scheme 2018 of Jindal Steel & Power Ltd, we hereby inform you that Nomination and Remuneration Committee in its meeting held today at 11.30 A.M. and concluded at 12.00 P.M., allotted 20,53,995 number of Equity Shares of the Company, to the eligible employees of the Company and its subsidiaries, under the Jindal Steel & Power Limited Employee Stock Purchase Scheme - 2018.

The company is in the process of completing the other formalities with respect to listing of the said shares and will file listing application along with requisite documents with the exchange shortly for seeking listing and trading approval.

Shares of JINDAL STEEL & POWER LTD. was last trading in BSE at Rs.134.2 as compared to the previous close of Rs. 142.05. The total number of shares traded during the day was 932849 in over 5038 trades.

The stock hit an intraday high of Rs. 142.6 and intraday low of 133.4. The net turnover during the day was Rs. 128622687.

Source : Equity Bulls

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