Wednesday 4 December 2013

Jyothy Laboratories raises Rs 262.72 crore through preferential issue

Jyothy Laboratories has allotted 1.50 crore equity shares of Rs 1 each to Sahyadri Agencies on preferential basis. The company has raised Rs 262.72 crore by issuing shares at a price of Rs 175.15. Consequent to the aforesaid allotment, the paid-up capital of the Company has increased from Rs 16.60 crore to Rs 18.10 crore.

Jyothy Laboratories is one of the leading players in the mid and economy segments of the FMCG industry having its presence in Fabricare (Detergents/soaps for clothes), Household Insecticide (Repellent coils/liquid or spray) Dishwashing products/Toilet cleaners, Personal care (Toilet soap) and Others (Incense sticks).

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