JCT Ltd approves conversion of preference shares

The Board of Directors of JCT Ltd at its meeting held on February 13, 2016, have approved the conversion of 10,00,000 Preference shares of Rs. 100 each aggregating to Rs. 10.00 Crores held by one of the Promoter Companies, into equity shares at a price calculated as per SEBI (ICDR) Regulations, 2009 subject to requisite approvals as may required.

Shares of JCT LTD. was last trading in BSE at Rs.5.49 as compared to the previous close of Rs. 5.23. The total number of shares traded during the day was 207774 in over 166 trades.

The stock hit an intraday high of Rs. 5.49 and intraday low of 5.35. The net turnover during the day was Rs. 1136136.

Source : Equity Bulls

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