J Kumar Infraprojects allots 3076785 shares

J Kumar Infraprojects Ltd has announced that the duly authorized QIP Committee of the Board of Directors of the Company at its meeting held on December 15, 2009, has issued and allotted 30,76,785 (Thirty Lac Seventy Six Thousand Seven Hundred and Eighty Five only) fully paid-up equity shares at a price of Rs. 180.25 (Rupees One Hundred Eight and Twenty Five paise only) per equity share (including a premium of Rs. 170.25 (Rupees One Hundred Seventy and Twenty Five paise only) per equity share), aggregating to Rs. 55,45,90,496.25 (Rupee Fifty Five Crore Forty Five Lac Ninety Thousand Four Hundreds Ninety Six and Twenty Five paise only).

Consequent to the issue and allotment of the equity shares as aforesaid, the issued, subscribed and paid-up equity share capital of the Company stands increased from present Rs. 24,72,44,200 (Rupees Twenty Four Crore Seventy Two Lac Forty Four Thousand and Two Hundred only) divided into 2,47,24,420 (Two Crore Forty Seven Lac Twenty Four Thousand Four Hundred and Twenty only) equity shares of face value of Rs. 10 each to Rs. 27,80,12,050 (Rupees Twenty Seven Crore Eighty Lac Twelve Thousand and Fifty only) dividend into 2,78,01,205 (Two Crore Seventy Eight Lacs One Thousand Two Hundred and Five only) equity shares of face value of Rs 10 each.

The stock closed the day at Rs.180.05, down by Rs.2 or 1.10%. The stock hit an intraday high of Rs.182.80 and low of Rs.179.60.

The total traded quantity was 146872 compared to 2 week average of 224609.

Source : Equity Bulls

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