SJ Corporation to issue 355000 shares

SJ Corporation Ltd has announced that the Board of Directors of the Company at its meeting held on August 06, 2010, inter alia, has approved the issue of shares subject to the approval of members and appropriate authorities.

The Board has decided to issue & allot 3,55,000 Equity Shares of Re. 1/- each at Rs. 107 (i.e. at a premium of Rs. 106/- per share) to Other Investors on preferential allotment basis pursuant to Section 81(1A) of the Companies Act, 1956 and as per the SEBI (Issue of Capital and Disclosure Requirement) Regulation, 2009 issued by Securities and Exchange Board of India (SEBI).

The Register of Members & Share Transfer Books of the Company will remain closed from September 01, 2010 to September 04, 2010 (both days inclusive) for the purpose of Payment of Dividend & 29th Annual General Meeting (AGM) of the Company to be held on September 04, 2010.

The stock was trading at Rs.100.50, down by Rs.1.50 or 1.47%. The stock hit an intraday high of Rs.100.50 and low of Rs.100.

The total traded quantity was 218 compared to 2 week average of 700.

Source : Equity Bulls

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