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JTL Infra allots 12.30 lakh equity shares on conversion of warrants; Stock hits new high

The Company's PAT zooms to Rs12.95cr yoy in Q2FY22.

October 13, 2021 11:23 IST | India Infoline News Service
JTL Infra Ltd has informed that the pursuant to exercise of conversion option, in first trench, by the warrant holders for 12,30,000 warrants issued earlier on preferential basis to non-promoter, public category, the Board of Directors of the Company have allotted 12,30,000 fully paid-up Equity Shares of Rs.10/-each (to be sub-divided into 61,50,000 Equity Shares of Rs. 2/- each in terms of members approval dated September 22, 2021).

On Wednesday, JTL Infra announced its financial results for the quarter and its PAT zooms to Rs12.95cr yoy.

At around 11:22 AM, JTL Infra stocks rally as it was trading at Rs189.75 per piece higher by 2.15% on Sensex, hitting 52-week high at Rs196.25 per piece today.

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The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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