Jubilant Industries Ltd allots 18 lakh shares

The Finance Committee of Board of Directors of Jubilant Industries Ltd at its meeting held today i.e. December 19, 2018 has approved the allotment of 18,00,000 (Eighteen Lakh) equity shares of face value of INR 10/- each at issue price of INR 135.95 per equity share (including premium of INR 125.95), and 13,00,000 (Thirteen Lakh) convertible warrants, at issue price of INR 135.95 each, to the following selected members of the promoter group of the Company by way of preferential allotment on a private placement basis:

HSSS Investment Holding Private Limited
KBHB Investment Holding Private Limited
SSBPB Investment Holding Private Limited

The said equity shares shall be listed on the BSE Limited and National Stock Exchange of India Limited.

The equity shares and convertible warrants allotted to above said members of the promoter group shall be locked-in for a period as specified under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Shares of JUBILANT INDUSTRIES LTD. was last trading in BSE at Rs.97.2 as compared to the previous close of Rs. 100.3. The total number of shares traded during the day was 279 in over 15 trades.

The stock hit an intraday high of Rs. 99 and intraday low of 95. The net turnover during the day was Rs. 26889.

Source : Equity Bulls

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