Alicon Castalloy Ltd allots 5,32,860 shares

The Allotment Committee of Alicon Castalloy Ltd in its meeting held today i.e. on August 25, 2021, allotted 5,32,860 Equity Shares of Rs.5/- each for cash at a premium of Rs.558/- per share as detailed hereunder:

Mr. S. Rai - 266,430 Equity Shares (Promoter)

Enkei Corporation - 266,430 Equity Shares (Foreign Collaborator)

The above allotment is made in pursuance to the special resolution passed by the shareholders in their Extra-Ordinary General Meeting held on 30th July, 2021 approving preferential issue and subsequent in-principle approvals received from BSE Ltd. and National Stock Exchange of India Ltd.

After the aforesaid allotment, the Issued, Subscribed and Paid-up Share Capital of the Company stands increased to Rs. 8,05,59,200/- divided into 1,61,11,840 Equity Shares of Rs.5/- each.

Necessary application for listing/trading of shares is being submitted to the respective stock exchanges.

Shares of Alicon Castalloy Limited was last trading in BSE at Rs. 779.25 as compared to the previous close of Rs. 771. The total number of shares traded during the day was 325 in over 112 trades.

The stock hit an intraday high of Rs. 787.15 and intraday low of 778.1. The net turnover during the day was Rs. 254456.

Source : Equity Bulls

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