Jubilant Life Sciences allots shares to Pace Marketing Specialities Ltd.

Jubilant Life Sciences Ltd has now announced with reference to the Scheme of Amalgamation and Demerger among Jubilant Life Sciences Ltd., Speciality Molecules Ltd., Pace Marketing Specialities Ltd. and Jubilant Industries Ltd. has been filed with Registrar of Companies and has become effective from November 15, 2010, as envisaged in the Scheme, the Company has on November 18, 2010 allotted 5,01,364 Equity Shares of Re. 1 each to the shareholders of Pace Marketing Specialities Ltd.

The stock closed the day at Rs.309.40, up by Rs.0.30 or 0.10%. The stock hit an intraday high of Rs.315 and low of Rs.306.15.

The total traded quantity was 0.23 lakhs compared to 2 week average of 0.28 lakhs.

Source : Equity Bulls

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