Jain Irrigation allots 128360 shares on conversion of ZCCBs

Jain Irrigation Systems Ltd has announced that Sub-Committee of Board of the Company in its meeting held on May 01, 2010 allotted 128,360 Equity Shares of Rs. 10 at a premium of Rs. 335.59 per Equity Share in conversion of 1,000 Zero Coupon Convertible Bonds (ZCCB's) of USD 1,000 each in terms of Notification received from the holder and in terms of Offering Circular dated March 24, 2006.

The stock was trading at Rs.1102.90, up by Rs.8.85 or 0.81%. The stock hit an intraday high of Rs.1104 and low of Rs.1064.

The total traded quantity was 5304 compared to 2 week average of 43853.

Source : Equity Bulls

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