JB Chemicals & Pharmaceuticals allots 37250 Equity Shares

The compensation committee of the Board of Directors of JB Chemicals & Pharmaceuticals Ltd has, on June 10, 2011, issued and allotted 37,250 equity shares of face value of Rs. 2 each (2,875 shares at a premium of Rs. 61 per share, 13,625 shares at a premium of Rs. 82 per share and 20,750 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 8,45,89,075 equity shares of Rs. 2 each to 8,46,26,325 equity shares of Rs. 2 each.

The stock closed the day at Rs.131.30, up by Rs.5.75 or 4.58%. The stock hit an intraday high of Rs.134.80 and low of Rs.125.30.

The total traded quantity was 7.40 lakhs compared to 2 week average of 1.72 lakhs.

Source : Equity Bulls

Keywords