JTL Infra Ltd board approves issue of 25 lakh warrants at Rs. 180 per warrant

The Board of Directors (the "Board") of JTL Infra Ltd at its meeting held today i.e December 26, 2020 has approved, subject to members' and all other necessary approvals, issuance of 25,00,000 (Twenty Five Lacs) Fully Convertible Warrants, on preferential basis to the following investors at issue price of Rs. 180/- (Rupees One hundred and Eighty ) per warrant, to be convertible within 18 (eighteen) months from date of warrant allotment into equivalent number of fully paid up Equity Shares of face value of Re. 10/- (Rupee Ten) each.

Mr. Mohinder Pal Individual, Non-promoter, Public - 500,000
Mr. Mukesh Kumar Individual, Non-promoter, Public - 500,000
Ms. Shilpa Bansal Individual, Non-promoter, Public - 600,000
Ms. Kusum Bansal Individual, Non-promoter, Public - 500,000
Build Ash Constructions LLP Body Corporate, Non-promoter, Public - 500,000

The board decided to seek member's approval for the above said warrant issue by way of passing the requisite resolution through Postal Ballot process and the Notice of Postal Ballot for seeking member's approval has been approved by the Board for circulation.

Shares of JTL INFRA LTD. was last trading in BSE at Rs.169.35 as compared to the previous close of Rs. 165.55. The total number of shares traded during the day was 7769 in over 81 trades.

The stock hit an intraday high of Rs. 172.95 and intraday low of 163.5. The net turnover during the day was Rs. 1309806.

Source : Equity Bulls

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