Jaiprakash Associates Ltd opens QIP issue of Equity Shares

In respect of issue of Equity Shares of up to US$ 250 million (i.e. approx. Rs.1550 Crores) to QIBs through a Qualified Institutions Placement in terms of Chapter VIII of SEBI ICDR Regulations ("Issue"), the Finance Committee of the Board of Directors of Jaiprakash Associates Ltd has, at its meeting held on July 02, 2014 decided to open the Issue from July 02, 2014.

Shares of JAIPRAKASH ASSOCIATES LTD. was last trading in BSE at Rs.75.5 as compared to the previous close of Rs. 76.55. The total number of shares traded during the day was 2321617 in over 15020 trades.

The stock hit an intraday high of Rs. 78.65 and intraday low of 75.05. The net turnover during the day was Rs. 179223329.

Source : Equity Bulls

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