Jaiprakash Associates allots 10000000 Equity Shares

Jaiprakash Associates Ltd has announced that the Company on October 10, 2008 has allotted 1,00,00,000 Equity Shares of Rs 2/- each for cash at a premium of Rs 395/- per share to Jaypee Ventures Pvt. Ltd., a Promoters' Group Company, against the equal number of Share Warrants issued to them at the rate of Rs 397/- per warrant.

The Stock closed the day at Rs.76.15, down by Rs.14.80 or 16.27%. The stock hit an intraday high of Rs.87.90 and low of Rs.71.90.

The total traded quantity was 8393088 compared to 2 week average of 8225867.

Source : Equity Bulls

Keywords