Balasore Alloys Ltd allots 8000000 Equity Shares on conversion of Convertible Warrants

The Committee for Preferential Issue of Warrants of the Board of Directors of Balasore Alloys Ltd at their meeting held on March 31, 2016 has allotted 80,00,000 Equity Shares of Rs. 5/- each at a price of Rs. 17/- including premium of Rs. 12/- per Equity Shares to Jaltarang Vanijya Private Ltd., pursuant to conversion of equivalent number of Convertible Warrants.

Shares of BALASORE ALLOYS LTD. was last trading in BSE at Rs.15.6 as compared to the previous close of Rs. 16.15. The total number of shares traded during the day was 36284 in over 113 trades.

The stock hit an intraday high of Rs. 16.35 and intraday low of 15.25. The net turnover during the day was Rs. 572280.

Source : Equity Bulls

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