Jindal Stainless Ltd allots 80,12,940 shares

Pursuant to the approval of the shareholders granted at the Annual General Meeting of the Company held on September 4, 2019, Jindal Stainless Limited ("the Company") has today i.e. on Wednesday the 18th day of September, 2019, allotted 80,12,940 (Eighty Lac Twelve Thousand Nine Hundred Forty) equity shares of face value of Rs. 2/- (Rupees Two) each @ Rs. 35.65 (Rupees Thirty Five and Sixty Five Paise) per equity share to JSL Limited, a promoter group entity, for a cash consideration on preferential basis.

Consequent to above allotment, the paid-up equity share capital of the Company has increased from Rs. 95,84,43,320/- (Rupees Ninety Five Crore Eighty Four Lac Forty Three Thousand Three Hundred Twenty only) divided into 47,92,21,660 (Forty Seven Crore Ninety Two Lac Twenty One Thousand Six Hundred Sixty) equity shares of face value of Rs. 2/- (Rupees Two) each to Rs. 97,44,69,200/- (Rupees Ninety Seven Crore Forty Four Lac Sixty Nine Thousand Two Hundred) divided into 48,72,34,600 (Forty Eight Crore Seventy Two Lac Thirty Four Thousand Six Hundred) equity shares of face value of Rs. 2/- (Rupees Two) each.

Shares of JINDAL STAINLESS LTD. was last trading in BSE at Rs.34.65 as compared to the previous close of Rs. 35.9. The total number of shares traded during the day was 18191 in over 105 trades.

The stock hit an intraday high of Rs. 36.3 and intraday low of 34.55. The net turnover during the day was Rs. 643948.

Source : Equity Bulls

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