JIK Industries to consider allotment of convertible bonds on Dec 30, 2009

JIK Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 30, 2009, inter alia, to consider and allot Convertible Bonds of Promoter pursuant to BIFR Orders.

The Board will also consider and extend the current financial year to eighteen months subject to necessary approval.

The stock closed the day at Rs.18.40, up by Rs.0.25 or 1.38%. The stock hit an intraday high of Rs.18.80 and low of Rs.18.

The total traded quantity was 3796 compared to 2 week average of 3648.

Source : Equity Bulls

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