Balasore Alloys Ltd to consider allotment of 1,30,00,000 Equity Shares

A meeting of the Committee for Preferential Issue of Warrants of the Board of Directors of Balasore Alloys Ltd will be held on 30th March, 2018 for allotment of 1,30,00,000 Equity Shares of Rs. 5/- each at price of Rs. 21.50/- including premium of Rs. 16.50/- per Equity Shares in lieu of 1,30,00,000 Convertible Warrants to the Promoters on Preferential basis pursuant to the authority given by the shareholders through postal ballot notice on 26th September, 2016.

Shares of BALASORE ALLOYS LTD. was last trading in BSE at Rs.49.25 as compared to the previous close of Rs. 47.1. The total number of shares traded during the day was 243353 in over 912 trades.

The stock hit an intraday high of Rs. 50.4 and intraday low of 47.5. The net turnover during the day was Rs. 11985742.

Source : Equity Bulls

Keywords