Jyothy Laboratories extends rally on fund raising - The New Indian Express

Jyothy Laboratories extends rally on fund raising

Published: 05th December 2013 02:18 PM

Last Updated: 05th December 2013 02:18 PM

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.

From Around the Web