JB Chemicals & Pharmaceuticals allots 35550 Equity Shares

The compensation committee of the board of directors of JB Chemicals & Pharmaceuticals Ltd has, on July 01, 2011, issued and allotted 35,550 equity shares of face value of Rs. 2 each (9,625 shares at a premium of Rs. 61 per share, 11,675 shares at a premium of Rs. 82 per share and 14,250 shares at a premium of Rs. 93 per share) to certain employees against the exercise of options granted to them pursuant to Employees Stock Option Scheme of the company.

The issued and paid up capital has thus gone up from 8,46,26,325 equity shares of Rs. 2 each to 8,46,61,875 equity shares of Rs. 2 each.

The stock closed the day at Rs.138.15, up by Rs.2.15 or 1.58%. The stock hit an intraday high of Rs.139.40 and low of Rs.135.10.

The total traded quantity was 2.15 lakhs compared to 2 week average of 1.89 lakhs.

Source : Equity Bulls

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