Balasore Alloys to consider allotment of 66 lakh warrants

A meeting of the Committee of Board of Directors of Balasore Alloys Ltd for Preferential Issue of Warrants will be held on October 19, 2012, to allot 66,00,000 (Sixty-Six Lacs) Convertible Warrants of Rs. 5/- each at price of Rs. 16/- including a premium of Rs. 11/- per Warrants to the Promoters on Preferential basis, pursuant to the authority given by the shareholders in the Annual General Meeting held on September 26, 2012.

The Balasore Alloys Ltd stock was trading at Rs.13.44, down by Rs.0.25 or 1.83%. The stock hit an intraday high of Rs.14 and low of Rs.13.40.

The total traded quantity was 0.50 lakhs compared to 2 week average of 0.28 lakhs.

Source : Equity Bulls

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