Alicon Castalloy board approves issue of 5,32,860 equity shares on preferential basis

The current market cap of the company is Rs1,060.15cr.

Jul 08, 2021 01:07 IST India Infoline News Service

Alicon Castalloy
Alicon Castalloy Ltd has informed that the Board of Directors of the Company on 7th July, 2021, have inter-alia transacted the following business : -

Approved the issue of 5,32,860 Equity Shares of Rs.5/- each on preferential basis at Rs.563/- (Rs.5/- towards face value and Rs.558/- toward security premium) to the Promoters and foreign collaborators as under:
  • Shailendrajit Rai (Promoter) - 2,66,430
  • Enkei Crporation, Japan - 2,66,430
At around 1:25 PM, Alicon Castalloy was trading at Rs698 per piece higher by 2.75% on the BSE.

Related Story

Open Free Demat Account (Rs699)
Open ZERO Brokerage Demat Account

  • 0

    Delivery Brokerage for Lifetime

  • 20

    Per order for Intraday, F&O, Currency & Commodity