JB Chemicals allots 27075 shares

JB Chemicals & Pharmaceuticals Ltd has announced that the compensation committee of the board of directors of the Company on August 10, 2010, has issued and allotted 27,075 equity shares of face value of Rs. 2 each (15,825 shares at a premium of Rs. 61 per share and 11,250 shares at a premium of Rs. 82 per share) to certain employees against the exercise of options granted to them pursuant to Employees Stock Option Scheme of the Company.

The issued and paid up capital has thus gone up from to 8,43,69,125 equity shares of Rs. 2 each to 8,43,96,200 equity shares of Rs. 2 each.

The stock closed the day at Rs.103.40, up by Rs.5.20 or 5.30%. The stock hit an intraday high of Rs.105 and low of Rs.98.70.

The total traded quantity was 398297 compared to 2 week average of 137533.

Source : Equity Bulls

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