Steel Strips Wheels Ltd allots 209525 Equity Shares

The Board of Directors of Steel Strips Wheels Ltd at its meeting held on June 10, 2016 allotted 209525 equity shares of Rs. 10/- each to Kalink Co. Ltd. (Non Promoter Category), @ 640/- per equity share, by way of preferential allotment basis, under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and applicable provisions of the Companies Act, 2013.

With the said allotment, the Issued and Paid up Capital of the Company increased from Rs. 152591700/- to Rs. 154686950/- comprising 15468695 equity shares of Rs. 10/- each.

Shares of STEEL STRIPS WHEELS LTD. was last trading in BSE at Rs.442.3 as compared to the previous close of Rs. 451.55. The total number of shares traded during the day was 8244 in over 355 trades.

The stock hit an intraday high of Rs. 455 and intraday low of 438. The net turnover during the day was Rs. 3678751.

Source : Equity Bulls

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