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    HomeNewsBusinessAnnouncementsAlok Industries sets Rs 10 as issue price for right issue

    Alok Industries sets Rs 10 as issue price for right issue

    Alok Industries at its meeting held on February 07, 2013 approved, the issue price of the rights issue to be at par i.e. Rs 10 per equity share and the ratio of the rights entitlement will be 2:3 i.e. two equity shares for the every three equity shares held by the shareholders.

    February 08, 2013 / 11:46 IST

    With reference to earlier announcement dated February 05, 2012 informed about the subject meeting the Company's Committee of Board of Directors (CoD) formed for the purpose of dealing with various issues related to Company's proposed Rights issue of equity shares upto Rs 551 Crores.Alok Industries Ltd has informed BSE that Committee of Board of Directors (CoD) at its meeting held on February 07, 2013 through circular resolution approved, amongst other things, the following:1. The issue price of the Rights issue to be at par i.e. Rs. 10/- per equity share and,2. The ratio of the Rights entitlement will be 2:3 i.e. two equity shares for the every three equity shares held by the shareholders.Source : BSE

    Read all announcements in Alok Industries

    first published: Feb 8, 2013 11:41 am

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