Jyothy Laboratories, a Mumbai based FMCG company, continued to
gain on Thursday after its board of directors allotted 15 million
equity shares of Rs 1 each to Sahyadri Agencies on preferential
basis. The company has raised Rs 2,627.25 million by issuing shares
at a price of Rs 175.15.
Consequent to the aforesaid allotment,
the paid-up capital of the company has increased from Rs 166.02
million to Rs 181.02 million.Shares ofthe companyare trading at Rs
208, up Rs 8.3, or 4.16% at the Bombay Stock Exchange (BSE) on
Thursday at 12:01 p.m.The scrip has touched an intra-day high of Rs
220.60 and low of Rs 201.90. The total volume of shares traded at
the BSE is 224,688.In the earlier session, the shares climbed
5.86%, or Rs 11.05, at Rs 199.70. Currently, the stock is trading
down 1.42% from its 52-week high of Rs 211 and above 48.57% over
the 52-week low of Rs 140.