Balasore Alloys has informed that pursuant to the in-principle approval granted by the stock exchange for Issue and allotment of 8,000,000 Convertible Warrants and further to the approval given by the shareholders in the Annual General Meeting of the Company held on September 29, 2015, the Committee for Preferential Issue of Warrants of the Board of Directors, at its meeting held on October 12, 2015 has allotted 8,000,000 Convertible Warrants to Jaltarang Vanijya, a Promoter Group entity / Persons Acting in Concert (PAC) on Preferential basis which shall entitle the Warrant holder to equivalent number of equity shares of Rs 5 each of the Company at a price of Rs 17 per share.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Indian Metal & Ferro | 1566.85 |
| Maithan Alloys | 1036.10 |
| Nava | 704.50 |
| Indsil Hydro Power | 41.30 |
| Shyam Century | 5.61 |
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