Balasore Alloys allots 66 lakh shares at Rs. 16

The Committee for Preferential Issue of Warrants of the Board of Directors of Balasore Alloys Ltd at their meeting held on April 16, 2014, has allotted 66,00,000 Equity Shares of Rs. 5/- each at price of Rs. 16/- including premium of Rs. 11/- per Equity Shares pursuant to conversion of equivalent number of Convertible Warrants after receipt of notice and balance money from the Warrant holder(s).

Shares of BALASORE ALLOYS LTD. was last trading in BSE at Rs.13.83 as compared to the previous close of Rs. 13.95. The total number of shares traded during the day was 157322 in over 252 trades.

The stock hit an intraday high of Rs. 14.1 and intraday low of 13.51. The net turnover during the day was Rs. 2169455.

Source : Equity Bulls

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