Asian Granito India Ltd approves allotment of 7504905 shares

The Board of Directors of Asian Granito India Ltd at its meeting held on July 25, 2016 (End time: 12:00 noon) has approved the allotment of 75,04,905 fully paid up Equity Shares of Rs. 10/- (Rupees Ten only) each pursuant to approved Scheme of Arrangement in nature of Amalgamation by Hon'ble High Court of Gujarat between Artistique Ceramics Private Limited and Asian Granito India Limited and their respective shareholders and creditors.

The Board has also approved the change in object clause pursuant to the approved Scheme of Amalgamation.

Shares of ASIAN GRANITO INDIA LTD. was last trading in BSE at Rs.215.6 as compared to the previous close of Rs. 213. The total number of shares traded during the day was 31352 in over 404 trades.

The stock hit an intraday high of Rs. 218.9 and intraday low of 212.1. The net turnover during the day was Rs. 6741128.

Source : Equity Bulls

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