Jaykay Enterprises Ltd approves allotment of 45,09,500 shares

The Committee of Board of Directors of Jaykay Enterprises Ltd, at their meeting held today i.e. August 20, 2021, at Kanpur, has, considered and approved the allotment of 45,09,500 Equity Shares of face value of Re. 1/- each pursuant to conversion of 45,09,500 Fully Convertible Warrants ('Warrants'), issued as on February 18, 2021 at an issue price of Rs. 10/- each, by way of preferential allotment, to the following persons belonging to 'Promoter and Promoter group' category:

Mr. Abhishek Singhania - Promoter/Promoter Group - 20,50,000
JK Traders Limited - Promoter/Promoter Group - 24,59,500

Consequent to the said allotment, the Paid-up Equity Share Capital of the Company stands increased to Rs. 4,80,14,252/- divided into 4,80,14,252 Equity Shares of face value of Re. 1/- each.

Shares of Jaykay Enterprises Limited was last trading in BSE at Rs. 65.1 as compared to the previous close of Rs. 68.5. The total number of shares traded during the day was 4212 in over 30 trades.

The stock hit an intraday high of Rs. 65.1 and intraday low of 65.1. The net turnover during the day was Rs. 274201.

Source : Equity Bulls

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