Metalyst Forgings Ltd allots 40 lakh shares

The Allotment Committee of Board of Directors of Metalyst Forgings Ltd in their meeting held today i.e. 31st March, 2017 has allotted 40,00,000 Equity Shares of face value of Rs. 10/- each, at a price of Rs. 100/- per share including premium of Rs. 90/- per Equity Share, aggregating to Rs. 40,00,00,000 to the Promoter group Company i.e. M/s Amtek Auto Limited by way of preferential allotment. Further, the Company has also allotted 24,00,000 Convertible Warrants, each convertible into, or exchangeable for, one Equity Share of face value of Rs. 10/- each, at a price (including the Warrant subscription price and warrant exercise price) of Rs. 100/- each aggregating to Rs. 24,00,00,000 to the Promoter group Company i.e. M/s Amtek Auto Limited by way of preferential allotment.

Shares of Metalyst FORGINGS LTD. was last trading in BSE at Rs.56.2 as compared to the previous close of Rs. 57.9. The total number of shares traded during the day was 41719 in over 487 trades.

The stock hit an intraday high of Rs. 58.95 and intraday low of 56. The net turnover during the day was Rs. 2374273.

Source : Equity Bulls

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