Jhaveri Flexo allots 3035000 shares

Jhaveri Flexo India Ltd has announced that pursuant to the shareholders' approval received in the Annual General Meeting of the Company held on September 08, 2008, the Board of Directors at their meeting held on September 23, 2008 has allotted 30,35,000 Equity Shares having face value of Rs 5/- per share at a price of Rs 60/- per share i.e. at a premium of Rs 55/- per share to some strategic investors on preferential allotment basis.

The Stock closed the day at Rs.58, down by Rs.0.10 or 0.17%. The stock hit an intraday high of Rs.60 and low of Rs.57.15.

The total traded quantity was 605 compared to 2 week average of 359.

Source : Equity Bulls

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