Jayant Agro Organics has announced that the board of the company approved to issue 600,000 shares to Japan`s Itoh Oil Chemicals Co at Rs 105 each, reports Economic Times.
Also, the board of the company has approved to raise up to USD 20 million through foreign currency convertible bonds (FCCBs). The company will also issue 1.3 million warrants to promoters and 400,000 warrants to public at Rs 105 each.
Shares of the company gained Rs 2.4, or 2.23% to settle at Rs 110.1. The total volume of shares traded was 23,172 at the BSE. (1.56 pm, Monday)
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