JIK Industries today said its board has approved allotment of shares with differential voting rights to willing creditors and investors as per board of industrial and financial reconstruction (BIFR) orders.
JIK said the board, at its meeting on October 3, has approved allotment of 5106 'A' ordinary shares of Rs 10 each with differential voting rights (DVR) as per Sebi pricing preferential basis to willing creditors and investors.
The company's stock was trading at Rs 24.40, nearly 0.61 per cent lower than Friday's close.
