The company has allotted 1.12 crore equity shares to Aditya Birla Finance and 1.61 crore equity shares to IL&FS Financial Services on conversion of CCPS.
Shares of McNally Bharat Engineering added 4 percent intraday on September 30 after the company announced a collaboration with Turkey-based Kalyon Insatt Sanayi ve Ticaret AS.
Kalyon is a contractor with experience in infrastructure works, roads, highways, onshore and offshore pipelines, buildings, airports, hospita1s, metros, etc.
Both McNally Bharat Engineering and Kalyon are interested in collaboration with each other to seek opportunities in India, pursuant to the provisions of this agreement.
The company has allotted 1.12 crore equity shares to Aditya Birla Finance and 1.61 crore equity shares to IL&FS Financial Services on conversion of CCPS.At 1400 hours, McNally Bharat Engineering was quoting at Rs 4.09, up Rs 0.19, or 4.87 percent.The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .