Jai Balaji Industries Limited has informed the Exchange that "The duly authorized committee of the Board of Directors of the Company viz. Management (Finance) Committee, at its meeting held on 28th October, 2009 has allotted 8,295,586 Equity Shares of face value of Rs.10/- each to Qualified Institutional Buyers under QIP as per Chapter VIII of the SEBI Regulations at a price of Rs.239.30 per Equity Share (Including a premium of Rs. 229.30 per Equity Share), aggregating to Rs.1985.13 million. Consequent to the issue and allotment of the equity shares as aforesaid the issued, subscribed & paid-up Capital stands increased from 55,485,900 equity shares of Rs. 10 each to 63,781,486 equity shares of Rs. 10 each ". A copy of the Resolution passed by the Management (Finance) Committee shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).
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