Jupiter Bioscience concludes placement of GDRs

Jupiter Bioscience Ltd has announced that the Board of Directors of the Company at its meeting held on July 02, 2010, has concluded the placement of 11,30,000 Global Depository Receipts at US$ 19 per Global Depository Receipt (Representing 1,13,00,000 equity shares of Rs. 10/- each) amounting to U5$ 21.47 million.

Accordingly, the Board has approved and allotted 11,30,000 Global Depository Receipts underlying 1,13,00,000 equity shares of Rs. 10/- each representing the said GDR's.

The stock was trading at Rs.88, down by Rs.0.45 or 0.51%. The stock hit an intraday high of Rs.89.40 and low of Rs.87.65.

The total traded quantity was 47401 compared to 2 week average of 204594.

Source : Equity Bulls

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