Ahmednagar Forgings allots 17 Lakh shares, 38 Lakh warrants

Ahmednagar Forgings Ltd has announced that that Allotment Committee of Board of Directors of the Company at its meeting held on January 15, 2008, has allotted following securities to the promoter company on preferential basis.

17,00,000 Equity shares of Rs 10/- per share at a premium of Rs 230/- aggregating to Rs 40.80 crores.

38,00,000 warrants convertible into equivalent number of equity shares of Rs 10/- each at a premium of Rs 230/- aggregating to Rs 91.20 crores.

Source : Equity Bulls

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