Metalyst Forgings has informed about the Allotment Committee of Board of Directors of the Company in their meeting held on 31st March, 2017 has allotted 4,000,000 Equity Shares of face value of Rs 10 each, at a price of Rs 100 per share including premium of Rs 90 per Equity Share, aggregating to Rs 400,000,000 to the Promoter group Company i.e. Amtek Auto by way of preferential allotment. Further, the Company has also allotted 2,400,000 Convertible Warrants, each convertible into, or exchangeable for, one Equity Share of face value of Rs 10 each, at a price (including the Warrant subscription price and warrant exercise price) of Rs 100 each aggregating to Rs 240,000,000 to the Promoter group Company i.e. Amtek Auto by way of preferential allotment.
The above information is a part of company’s filings submitted to BSE.
