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Last Updated : Apr 03, 2017 04:14 PM IST | Source: Moneycontrol.com

Metalyst Forgings: Outcome of allotment committee meeting

The Allotment Committee of Board of Directors of the Company in their meeting held today i.e. 03rd April, 2017 has allotted 4,00,000 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. 4,00,00,000 to the Promoter group Company i.e. M/s Amtek Auto.

 
 
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The Allotment Committee of Board of Directors of the Company in their meeting held today i.e. 03rd April, 2017 has allotted 4,00,000 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. 4,00,00,000 to the Promoter group Company i.e. M/s Amtek Auto Limited by way of preferential allotment. Further, the Allotment Committee has also allotted 24,00,000 Equity Shares upon conversion of Warrants into equivalent number of Equity shares of Rs. 10/- each, at a premium of Rs. 90/-aggregating to Rs. 24,00,00,000 to the Promoter group Company i.e. M/s Amtek Auto Limited by way of preferential allotment.Further, the Convertible warrants issued by the company are exercised by the allottees within the currency period of warrants which were allotted on 31st March, 2017 in terms of Chapter VII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.Source : BSE

Read all announcements in Metalyst Forgin



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First Published on Apr 3, 2017 04:14 pm
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