Ashirwad Steels allots 45 lakh shares

Ashirwad Steels & Industries Ltd has announced that the Board of Directors of the Company at its meeting held on July 14, 2009, inter alia, has allotted 45,00,000 Equity Shares of the face value of Rs 10/- each to the persons / entities belonging to the non- promoter group on preferential allotment basis at price of Rs 40/- per share including premium of Rs 30/- per share as per SEBI Guidelines, which has been approved by the shareholders at the Extra-Ordinary General Meeting held on May 29, 2009.

Source : Equity Bulls

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