Shares of Jindal Photo and Jindal Poly Films have rallied by up to 18% on BSE after the B.C. Jindal Group of companies announced that their respective board will meet to approve a scheme of arrangement between both the companies.
The board of directors of Jindal Photo and Jindal Poly Films will meet on December 29, 2014, to discuss and approve a scheme of arrangement between the companies.
Jindal Photo has surged 18% to Rs 207 on BSE. The stock hit a high of Rs 211 and has seen huge trading volumes. A combined 300,399 shares changed hands on the counter till 1231 hours against an average sub 50,000 shares that were traded daily in past two weeks on BSE and NSE.
Jindal Poly Films was up 7% to Rs 290, after hitting high of Rs 299 during intra-day deal on BSE. A combined 773,178 shares changed hands on the counter on BSE and NSE.
The board of directors of Jindal Photo and Jindal Poly Films will meet on December 29, 2014, to discuss and approve a scheme of arrangement between the companies.
Jindal Photo has surged 18% to Rs 207 on BSE. The stock hit a high of Rs 211 and has seen huge trading volumes. A combined 300,399 shares changed hands on the counter till 1231 hours against an average sub 50,000 shares that were traded daily in past two weeks on BSE and NSE.
Jindal Poly Films was up 7% to Rs 290, after hitting high of Rs 299 during intra-day deal on BSE. A combined 773,178 shares changed hands on the counter on BSE and NSE.
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