Jupiter Bioscience concludes GDR issue

Jupiter Bioscience Ltd has announced that the Board of Directors of the Company at its meeting held on October 22, 2010, has concluded the placement of 35,00,000 Global Depository Receipts at US$ 19.50 per Global Depository Receipt (Representing 3,50,00,000 equity shares of Rs.10/- each) amounting to US$ 68.25 million.

Accordingly, the Board has approved and allotted 35,00,000 Global Depository Receipts underlying 3,50,00,000 equity shares of Rs.10/- each representing the said GDR's.

The stock closed the day at Rs.79.40, down by Rs.0.75 or 0.94%. The stock hit an intraday high of Rs.81.30 and low of Rs.79.

The total traded quantity was 5.42 lakhs compared to 2 week average of 11.10 lakhs.

Source : Equity Bulls

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