MoneyWorks4Me

Metkore Alloys & Industries’ promoter sells 0.45% stake in the company

08 Dec 2015 Evaluate

Metkore Alloys & Industries - one of the Promoter - Prashant Boorugu has disposed off 3,17,722 equity shares, which constitutes 0.45% of the capital of the company of Rs 2 each between October 16 and December 05, 2015.

Prashant Boorugu is holding 1,89,42,582 equity shares of Rs 2 each in the company, which constitutes 26.89% of the total paid up capital of which 1,62,60,304 equity shares have been pledged favouring Reliance Capital.

Metkore Alloys & Industries is engaged in the manufacturing of high carbon ferro-chrome for use in the stainless steel industry.


Peers
Company Name CMP
JSW Steel 1236.20
Tata Steel 173.90
Steel Authority 168.65
Jindal Stainless 733.95
APL Apollo Tubes 2155.00
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