JTL Infra Ltd board approves stock split

The Board of Directors of JTL Infra Ltd at its meeting held today i.e. Saturday, August 07, 2021 has considered and approved the Sub-division of equity shares of the Company from the existing 1 (One) equity share of face value of Rs. 10/- each into 5 (Five) equity shares of face value of Rs. 2/- each. The record date for the purpose of subdivision of equity shares shall be decided after obtaining approval for sub-division from the members in the forthcoming Annual General Meeting of the Company and will be announced in due course.

Consequent alteration of the 'Capital Clause' of the Memorandum of Association of the Company on account of sub-division of equity shares subject to approval of the members in in the forthcoming Annual General Meeting of the Company.

The board also approved raising of funds by issuance and allotment of securities, equity shares, convertible instruments for an aggregate amount of up to Rs. 100 Crore (Rupees One Hundred Crore), subject to members and other necessary approval(s), in one or more tranches, on such terms (to be decided by the Board or a duly constituted committee of the Board at a later date).

Shares of JTL INFRA LIMITED was last trading in BSE at Rs. 761 as compared to the previous close of Rs. 669.7. The total number of shares traded during the day was 72444 in over 1535 trades.

The stock hit an intraday high of Rs. 769 and intraday low of 685. The net turnover during the day was Rs. 53011568.

Source : Equity Bulls

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