Enkei Wheels (India) has received an approval for allotment of 743,835 equity shares to its promoter Enkei Corporation, Japan on preferential basis at the price of Rs 190 (including premium of Rs 185) aggregating Rs 14.13 crore.
The board of directors of the company at its meeting held on January 16, 2017 has approved for the same. The shareholders of the company have already accorded their consent for this issue in their meeting held on January 07, 2017.
Enkei Wheels (India) manufactures and sells aluminum alloy castings wheels primarily for use in the automobile industry in India. It offers its products for two wheelers and four wheelers.
