JSL approves allotment of 23447240 shares

JSL Ltd has announced that the Committee of Directors (CoD) of the Company at its meeting held on March 31, 2010, has approved the allotment of 2,34,47,240 Equity Shares of par value Rs 2 each at a price of Rs 105.50 per Equity Share (including a premium of Rs 103.50 per Equity Share), aggregating to Rs 2,47,36,83,820 to Qualified Institutional Buyers under Chapter VIII of the ICDR Regulations.

The stock was trading at Rs.108.35, down by Rs.0.05 or 0.05%. The stock hit an intraday high of Rs.109.75 and low of Rs.108.15.

The total traded quantity was 40292 compared to 2 week average of 90124.

Source : Equity Bulls

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