Balasore Alloys Ltd to consider preferential issue on March 15, 2016

A meeting of the Board of Directors of Balasore Alloys Ltd will be held on March 15, 2016 for issuance of the securities to the Promoters Group Companies on Preferential basis for the purpose of funding growth, expansion and modernization projects to be undertaken by the Company.

Shares of BALASORE ALLOYS LTD. was last trading in BSE at Rs.16.15 as compared to the previous close of Rs. 16.25. The total number of shares traded during the day was 21487 in over 43 trades.

The stock hit an intraday high of Rs. 16.6 and intraday low of 15.5. The net turnover during the day was Rs. 339081.

Source : Equity Bulls

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