Jain Irrigation Systems Ltd allots CCDs on Preferential Basis to Non Promoter entity

The Securities Issuance Committee-2 of the Board of Directors of Jain Irrigation Systems Ltd met on March 11, 2016 and on the receipt of application and allotment money allotted 3,62,00,000 Compulsorily Convertible Debentures ("CCDs") at a price of INR 80 (Rupees Eighty) per CCD aggregating to INR 2896 million to non-promoter entity i.e. Mandala Rose Co-Investment Limited, Mauritius, on a preferential basis.

Shares of JAIN IRRIGATION SYSTEMS LTD. was last trading in BSE at Rs.57.9 as compared to the previous close of Rs. 58. The total number of shares traded during the day was 1384408 in over 1275 trades.

The stock hit an intraday high of Rs. 58.5 and intraday low of 57.2. The net turnover during the day was Rs. 79939070.

Source : Equity Bulls

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