J. Kumar Infraprojects Ltd allots 4425000 shares through QIP

The QIP Issue Committee of the Board of Directors of J. Kumar Infraprojects Ltd has at its meeting held on July 23, 2014, issued and allotted 44,25,000 Equity Shares of face value of Rs. 10 each to eligible QIBs at a price of Rs. 309.98 per Equity Share, aggregating approximately Rs. 13,716.62 lacs under Chapter VIII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended and section 42 of the Companies Act, 2013 and the rules made thereunder.

Post this allotment the paid-up equity share capital of the Company stands increased to Rs. 32,22,62,050 comprising 3,22,26,205 Equity Shares of Rs. 10 each.

Shares of J.KUMAR INFRAPROJECTS LTD. was last trading in BSE at Rs.330 as compared to the previous close of Rs. 339.05. The total number of shares traded during the day was 142380 in over 915 trades.

The stock hit an intraday high of Rs. 342.6 and intraday low of 322. The net turnover during the day was Rs. 48027987.

Source : Equity Bulls

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