 "Jindal Stainless allots shares to pay Rs 366 crore due to JSHL")
"On July 3, 2016, the company has allotted 16,82,84,309 equity shares of Rs 2 each at a price of Rs 21.76 (including premium of Rs 19.76 per share) per share to Jindal Stainless (Hisar)(JSHL) on preferential basis against Rs 3,66,18,66,570, being the amount due and payable by the Company to JSHL," Jindal Stainless informed BSE today.
According to the statement, consequent upon the said allotment, paid up share capital of the company has increased from Rs 46.23 crore to Rs 79.89 crore divided into 39,94,69,754 equity shares of Rs 2 each.
The said amount was due and payable by the company to JSHL as of close of business hours before midnight of March 31, 2014.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%