Opelina Finance and Investment Ltd increases stake in Jindal Steel & Power Ltd through preferential offer

JINDAL STEEL & POWER LTD.'s Promoter Group, Opelina Finance and Investment Limited has purchased 4941439 equity shares of the company through Preferential Offer. The shares were bought for a total amount of Rs. 693333306.

With this acquisition, the shareholding of Opelina Finance and Investment Limited has increased from 91300393 (9.43%) to 96241832 (9.89%). The shares were acquired during the period 4/22/2019 to 4/22/2019.

Promoter Entity	Shares Acquired / Sold	Date / Period	Holding - Pre Transaction	Holding - Post Transaction
Opelina Finance and Investment Limited	4941439	4/22/2019 to 4/22/2019	91300393 (9.43%)	96241832 (9.89%)

Shares of the company was last trading in BSE at Rs.174.75 as compared to the previous close of Rs. 166.9. The total number of shares traded during the day was 1236736 in over 7047 trades.

The stock hit an intraday high of Rs. 178.1 and intraday low of 168.25. The net turnover during the day was Rs. 215529397.

Source : Equity Bulls

Keywords