Jaykay Enterprises Limited allots 63,70,000 Equity Shares and 90,19,000 Convertible Warrants to Promoter and Promoter Group

The Committee of Directors of Jaykay Enterprises Limited at their meeting held today approved the allotment of 63,70,000 Equity Shares of face value of Re.1/- each fully paid up for cash at a price of Rs. 10/- each and 90,19,000 Fully Convertible Warrants ('Warrants') each carrying a right to subscribe to one Equity Share per Warrant, for cash at a price of Rs. 10/- per warrant, on preferential basis to following person belonging to promoter and Promoter group:

Shri Abhishek Singhania - 30,00,000 shares and 41,00,000 warrants

M/s JK Traders Limited - 33,70,000 shares and 49,19,000 warrants.

Shares of JAYKAY ENTERPRISES LTD. was last trading in BSE at Rs.22.65 as compared to the previous close of Rs. 22.25. The total number of shares traded during the day was 20466 in over 36 trades.

The stock hit an intraday high of Rs. 22.65 and intraday low of 22.65. The net turnover during the day was Rs. 463554.

Source : Equity Bulls

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