JBF Industries Ltd to issue 16374370 shares

The Board of Directors of JBF Industries Ltd at its meeting held on December 28, 2015, has approved the resolution to issue and allot 1,63,74,370 fully paid up equity shares of Rs. 10/- each on preferential basis to KKR Jupiter Investors Pte Ltd., Singapore, at Rs. 300/- per equity share (at a premium of Rs. 290/- per equity share.)

The Board approved resolution to appoint Mr. Vijay Bapna as Additional Independent Director, Mr. Nikhil Srivastava as Additional Nominee Director as nominated by KKR Jupiter Investors Pte Ltd., Singapore and to appoint Mr. Kiran C. Vaidya as Chief Financial Officer (CFO) upon retirement of Mr. Purshottam Thakore, the retiring CFO.

Shares of JBF INDUSTRIES LTD. was last trading in BSE at Rs.248.35 as compared to the previous close of Rs. 245.6. The total number of shares traded during the day was 107892 in over 2630 trades.

The stock hit an intraday high of Rs. 254.7 and intraday low of 245.3. The net turnover during the day was Rs. 26998084.

Source : Equity Bulls

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