Asahi India Glass Ltd allots rights shares

The Rights Issue Committee of the Board of Directors of Asahi India Glass Ltd at its meeting held on September 17, 2013 issued and allotted 8,31,62,345 Equity Shares of the Face Value of Re. 1/- each for cash at a premium of Rs. 29/- per equity share to the eligible equity shareholders of the Company in the ratio of 13 equity shares for every 25 fully paid equity shares held by the equity shareholders as on the book closure date, that is July 30, 2013, in accordance with the Basis of Allotment of the equity shares on rights basis as finalized by the Company, the Lead Managers and Registrar to the Issue, in consultation with the BSE Ltd. (the Designated Stock Exchange) on September 16, 2013.

Consequent to the aforesaid allotment the paid up equity share capital of the Company stands increased from the present 15,99,27,586 fully paid up equity shares of the face value of Re. 1/- each to 24,30,89,931 fully paid equity shares of the face value of Re. 1/- each.

Shares of Asahi India Glass Ltd was last trading in BSE at Rs.37.15, down by Rs.2.4 over its previous close of Rs.39.55. The stock hit an intraday high of Rs.39.25 and low of Rs.36.8.

The total traded quantity was 13855 and the turnover was Rs.5,22,453.

Source : Equity Bulls

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