Jain Irrigation allots 385080 shares on conversion of Bonds

Jain Irrigation Systems Ltd has announced that Sub-Committee of the Board of the Company in its meeting held on June 12, 2009 allotted 385,080 Equity Shares of Rs 10 at a premium of Rs 335.59 per Equity Share in conversion of 3,000 Zero Coupon Convertible Bonds (ZCCB's) of USD 1000 each in terms of Notification received from the holders and in terms of Offering Circular dated March 24, 2006.

The stock closed the day at Rs.639.15, up by Rs.4.45 or 0.70%. The stock hit an intraday high of Rs.648.65 and low of Rs.634.70.

The total traded quantity was 9641 compared to 2 week average of 88360.

Source : Equity Bulls

Keywords