Electrosteel Castings Ltd allots 4,85,26,861 Equity Shares

The Banking and Authorisation Committee of Electrosteel Castings Ltd at its meeting held today, i.e on 20 August 2018 have approved the allotment of 4,85,26,861 Equity Shares of face value of Re.1/- each at a price of Rs.28.85 per Equity Share (inclusive of a share premium of Rs.27.85 per Equity Share) on preferential basis to the following Allottees.

Electrocast Sales India Limited - 34,66,204 shares
Uttam Commercial Company Ltd - 34,66,204 shares
G. K. & Sons Private Ltd. - 69,32,409 shares
India Opportunities Growth Fund Ltd - Pinewood Strategy - 2,25,30,329 shares
Rohak Merchants Private Limited - 1,21,31,715

Shares of ELECTROSTEEL CASTINGS LTD. was last trading in BSE at Rs.21.45 as compared to the previous close of Rs. 21.9. The total number of shares traded during the day was 33587 in over 157 trades.

The stock hit an intraday high of Rs. 22.15 and intraday low of 21.3. The net turnover during the day was Rs. 728475.

Source : Equity Bulls

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