JB Chemicals & Pharmaceuticals allots 57825 equity shares

JB Chemicals & Pharmaceuticals Ltd has announced that the compensation committee of the board of directors of the Company has, on December 02, 2010, issued and allotted 57,825 equity shares of face value of Rs. 2 each (9,575 shares at a premium of Rs. 61 per share, 46,250 shares at a premium of Rs. 82 per share and 2,000 shares at a premium of Rs. 93 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 8,44,38,226 equity shares of Rs. 2 each to 8,44,96,050 equity shares of Rs. 2 each.

The stock closed the day at Rs.130.90, down by Rs.4.65 or 3.43%. The stock hit an intraday high of Rs.138 and low of Rs.129.60.

The total traded quantity was 1.15 lakhs compared to 2 week average of 1.29 lakhs.

Source : Equity Bulls

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