Alicon Castalloy allots over 5.32 lakh equity shares; Stock trades flat

After the allotment, the company’s share capital increased to Rs8,05,59,200/- divided into 1,61,11,840 Equity Shares of Rs5/- each.

Aug 26, 2021 11:08 IST India Infoline News Service

Alicon Castalloy
Alicon Castalloy Limited Allotment Committee on Wednesday allotted 5,32,860 Equity Shares of Rs5/- each for cash at a premium of Rs558/- per share. The company allotted 266,430 equity shares to promoter S. Rai and 266,430 equity shares to foreign collaborator Enkei Corporation.

“The above allotment is made in pursuance to the special resolution passed by the shareholders in their Extra-Ordinary General Meeting held on July 30, 2021, approving preferential issue and subsequent in-principle approvals received from BSE Ltd. and National Stock Exchange of India Ltd.,” the company said in a filing on Wednesday.

After the aforesaid allotment, the Issued, Subscribed and Paid-up Share Capital of the Company stands increased to Rs8,05,59,200/- divided into 1,61,11,840 Equity Shares of Rs5/- each.

At around 11.40 am, Alicon Castalloy Ltd was trading at Rs780 per piece down by Rs2 or 0.26% from its previous closing of Rs782 per piece on the BSE.

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