Opelina Finance and Investment Limited, the convertible warrant holder, to whom the warrants were allotted in the month of November, 2017 on preferential basis, has exercised its right for conversion of part of the warrants into equity shares.
Consequently, the Corporate Management Committee of the Board of Directors of the Company in its meeting held today i.e. April 11, 2019, has allotted 49,41,439 Equity Shares of Re. 1/ - each at an issue price of Rs. 140.31 (including premium of Rs. 139.31) upon conversion of warrants into equity shares.
Shares of JINDAL STEEL & POWER LTD. was last trading in BSE at Rs.177 as compared to the previous close of Rs. 182.9. The total number of shares traded during the day was 636330 in over 4415 trades.
The stock hit an intraday high of Rs. 182.9 and intraday low of 175.15. The net turnover during the day was Rs. 113010147.