Autoline Industries Ltd allots shares on conversion of warrants

Autoline Industries Ltd has announced in connection with share warrants to IndiaNivesh Renaissance Fund ('Investor'), the Board of the Company had allotted 47,94,520 share warrants at the price of Rs. 73/- each to the Investor upon receipt of 50% upfront amount of warrants.

After receipt of balance 50% of issue price of warrants the Board of Directors of the Company has allotted today, 47,94,520 equity shares of the face value of Rs. 10/- each fully paid-up to the Investor by passing the resolution by circulation in accordance with the applicable provisions of the Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and other applicable rules and regulations.

The paid-up share capital of the Company is increased from Rs. 22,23,30,650 to Rs. 27,02,75,850 comprising of 2,70,27,585 equity shares of Rs. 10/- each.

Shares of AUTOLINE INDUSTRIES LTD. was last trading in BSE at Rs.51.45 as compared to the previous close of Rs. 52.55. The total number of shares traded during the day was 2125 in over 19 trades.

The stock hit an intraday high of Rs. 52.95 and intraday low of 51.45. The net turnover during the day was Rs. 111287.

Source : Equity Bulls

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