Jain Irrigation allots 67389 shares

Jain Irrigation Systems Ltd has announced that Sub-Committee of the Board of the Company in its meeting held on October 01, 2009 allotted 67,389 Equity Shares of Rs. 10 at a premium of Rs. 335.59 per Equity Share in conversion of 525 Zero Coupon Convertible Bonds (ZCCB's) of USD 1,000 each in terms of Notification received from the holer and in terms of Offering Circular dated March 24, 2006.

The stock was trading at Rs.788.75, up by Rs.3 or 0.38%. The stock hit an intraday high of Rs.799.95 and low of Rs.760.

The total traded quantity was 1466 compared to 2 week average of 19874.

Source : Equity Bulls

Keywords