Jyothy Fabricare to raise Rs.150 crores

Jyothy Laboratories Ltd has announced that the Board of Directors of the Company at its meeting held on January 25, 2011, inter alia, took note of expansion plan of its subsidiary company, namely, Jyothy Fabricare Services Limited (JFSL) and granted "in Principle" approval to JFSL for raising up to Rs. 150 Crore through Equity / Debt on private placement basis.

The stock was trading at Rs.235, down by Rs.33.65 or 12.53%. The stock hit an intraday high of Rs.277 and low of Rs.229.10.

The total traded quantity was 175739 compared to 2 week average of 6143.

Source : Equity Bulls

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