JIK Industries Board to consider private placement of securities

JIK Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on June 01, 2007, inter alia, to consider increase in Authorised Capital, to consider issue on private placement basis, Equity Shares, Warrants, Convertible Bonds & other Convertible instruments to investors, promoters & associates, and to consider issue of fresh equity shares to Banks/FIs against their dues.

The stock closed on Friday at Rs.8.25, up by Rs.0.23 or 2.87%. The total traded quantity was 20369 compared to 2 week average of 19101. The stock hit an intraday high of Rs.8.42 and low of Rs.7.92.

Source : Equity Bulls

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