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Jayant Agro Organics surges on getting nod for proposed scheme of amalgamation

24 Oct 2011

Jayant Agro Organics is currently trading at Rs. 84.65, up by 1.55 points or 1.87% from its previous closing of Rs. 83.10 on the BSE.

The scrip opened at Rs. 82.55 and has touched a high and low of Rs. 84.90 and Rs. 82.00 respectively.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 157.40 on 26-Oct-2010 and a 52 week low of Rs. 76.25 on 21-Jul-2011.

Last one week high and low of the scrip stood at Rs. 86.95 and Rs. 82.00 respectively. The current market cap of the company is Rs. 124.65 crore.

The promoters holding in the company stood at 59.93% while Institutions and Non-Institutions held 0.05% and 40.01% respectively. 

Jayant Agro Organics has received an approval for the proposed scheme of amalgamation of Ihsedu Speciality Chemicals, a wholly owned subsidiary company with itself. The board at its meeting held on October 22, 2011 has approved for the same.

Further, the proposed scheme will be effective from the appointed date October 01, 2011 and is subject to requisite approval under the applicable laws and High Court of Bombay.

Jayant Agro-Organics is an emerging global oleo chemical company with leadership in the castor-based specialty chemicals industry.

Related Jayant Agro-Organics Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323