Jyoti Structures announced that its board of directors has approved to issue equity shares for an amount not exceeding Rs 1.20 billion to qualified institutional buyers.

The company's board approved issue equity shares under the Qualified Institutions Placement (QIP).

Shares of the company gained Rs 1.45, or 2.44%, to settle at Rs 60.80. The total volume of shares traded was 602,429 at the BSE (Monday).