JB Chemicals & Pharmaceuticals allots 72250 Equity Shares

The compensation committee of the board of directors of JB Chemicals & Pharmaceuticals Ltd has, on May 03, 2011, issued and allotted 72,250 equity shares of face value of Rs. 2 each (24,600 shares at a premium of Rs. 61 per share, 26,550 shares at a premium of Rs. 82 per share and 21,100 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 8,45,16,825 equity shares of Rs. 2 each to 8,45,89,075 equity shares of Rs. 2 each.

The stock closed the day at Rs.152.05, down by Rs.2.20 or 1.43%. The stock hit an intraday high of Rs.156 and low of Rs.150.75.

The total traded quantity was 0.98 lakhs compared to 2 week average of 4.06 lakhs.

Source : Equity Bulls

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