Corporate News     04-Feb-13
Jayaswal Neco Industries to issue equity shares
Board meeting on 07 February 2013
The board meeting of Jayaswal Neco Industries will be held on 07 February 2013 to consider and take on record the unaudited financial results of the company for the quarter ended 31 December 2012 and to issue 67500000 equity shares of Rs 10 each at a premium of Rs 30 per share on preferential basis to promoter and non-promoter group entities.

The proceeds of the proposed issue shall be deployed as further equity to partly fund the cost of ongoing expansion projects of the company in Chhattisgarh.

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