Ahmednagar Forgings allots 1830000 Warrants

Ahmednagar Forgings Ltd has announced that Allotment Committee of Board of Directors of the Company in their meeting held on July 08, 2009 has allotted 18,30,000 warrants convertible into equivalent number of equity shares of Rs 10/- each at a premium of Rs 37/- aggregating to Rs 8.60 Crores to the promoters group Companies by way of preferential allotment.

The stock closed the day at Rs.43.05, down by Rs.3.05 or 6.62%. The stock hit an intraday high of Rs.45.15 and low of Rs.43.

The total traded quantity was 9850 compared to 2 week average of 13785.

Source : Equity Bulls

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