The board of JIK Industries has allotted 1,61,38,115 equity shares on conversion at a price of Rs 13.80 per share to non- promoter – bond holders holding 32,27,623 fully convertible bonds of face value of Rs 69 each convertible into 5 equity shares pursuant to Hon’ble BIFR orders.
These shares were allotted by the board of directors on 23 December 2008
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