Steel Strips Wheels allots 1255856 shares

Steel Strips Wheels Ltd has announced that the Allotment Committee of the Board of Directors of the Company at its meeting held on January 14, 2008 have allotted 12,55,856 (Twelve Lakh Fifty Five Thousand Eight Hundred and Fifty Six) equity shares of Rs 10/- each for cash, at a price of Rs 170/- (Rupees One Hundred and Seventy) per equity share (i.e. at a premium of Rs 160/- per Share) to M/s. Kalimati Investment Company Ltd, (a wholly owned subsidiary Company of Tata Steel Ltd) on preferential allotment basis.

Source : Equity Bulls

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