Hindalco Industries Limited approves allotment of shares to QIBs at Rs. 189.45

The Capital Raising Committee of the Board of Directors of Hindalco Industries Limited at its meeting held today i.e. 09th March, 2017, approved the issue and allotment of 17,68,27,659 Equity Shares to qualified institutional buyers at the issue price of Rs. 189.45 per Equity Share, (including a premium of Rs. 188.45 per Equity Share).

Shares of HINDALCO INDUSTRIES LTD. was last trading in BSE at Rs.188.9 as compared to the previous close of Rs. 189.85. The total number of shares traded during the day was 1241584 in over 8880 trades.

The stock hit an intraday high of Rs. 192.05 and intraday low of 187.8. The net turnover during the day was Rs. 235436429.

Source : Equity Bulls

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