Balasore Alloys Ltd to consider allotment of 2,30,00,000 Convertible Warrants

A meeting of the Committee for Preferential Issue of Warrants of the Board of Directors of Balasore Alloys Ltd will be held on November 03, 2016, to allot 2,30,00,000 (Two Crores Thirty Lacs) Convertible Warrants of Rs. 5/- each at price of Rs. 21.50/- including a premium of Rs. 16.50/- per Warrants to the following Promoter Group entities / Persons Acting in Concert ("PAC") on Preferential basis, pursuant to the resolution passed by the shareholders on September 26, 2016 through Postal Ballot.

Shares of BALASORE ALLOYS LTD. was last trading in BSE at Rs.40.6 as compared to the previous close of Rs. 44.05. The total number of shares traded during the day was 997690 in over 1681 trades.

The stock hit an intraday high of Rs. 45 and intraday low of 39.65. The net turnover during the day was Rs. 40606449.

Source : Equity Bulls

Keywords