Inventory market in the present day: Jai Balaji Industries share value tanked practically 4% to ₹147.55 apiece on Wednesday, January 22 following an replace relating to the share pledge by the corporate.
Shares of Jai Balaji Industries are pledged with Catalyst Trusteeship, which is performing as a safety trustee on behalf of the lenders. Following the cut up of the corporate’s shares within the ratio of 1:5, the variety of shares pledged with Catalyst Trusteeship elevated fivefold.
Catalyst Trusteeship held 15,39,11,165 shares of Jai Balaji Industries as in opposition to 3,07,82,233 shares forward of the inventory cut up within the ratio of 1:5. Nevertheless, the proportion of shareholding remained the identical at 16.88%, with the worth of fairness capital pledged additionally remaining fixed put up the acquisition at ₹182.45 crore. The stated acquisition of shares was carried out on January 18, 2025.
Enfield Suppliers, Hari Administration, KD Jagodia Metal Industries, Jai Salasar Balaji Industries, Sanjiv Jajodia and Rajiv Jajodia have pledged shares of Jai Balaji Industries with the lenders.
Inventory Influence
Shares of Jai Balaji Industries declined 3.75% to ₹147.55 apiece, additionally their 52-week low, following the replace. The inventory’s 52-week excessive stood at ₹261.40, which it touched in February final yr.
The corporate has fared poorly over the previous couple of months, declining 10% in six months, 33% in three months and 20% in a month. Even on a one-year foundation, Jai Balaji shares’ efficiency has been unimpressive because the inventory has shed 26% throughout this era.
Jai Balaji Industries has a market capitalisation of ₹13,500 crore.
Jai Balaji Industries Inventory Break up Particulars
The corporate in November 2024 had accredited sub-division of fairness shares of the face worth of ₹10 every into 5 fairness shares of the face worth of ₹2 every.
It had mounted January 17 because the file date for figuring out the eligibility of shareholders for the stated inventory cut up.
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