Maan Aluminium Ltd allots 3380304 shares

The Board of Directors of Maan Aluminium Ltd at its meeting held on July 13, 2017, has issued and allotted 33,80,304 Equity shares of Rs. 10/- each as Bonus equity shares credited as fully paid-up in the proportion of 1 (one) Equity Share of face value of Rs. 10/- each for every One (1) existing equity shares of face value of Rs. 10/- each held to those shareholders whose name appear in the Register of Members/Register of Beneficiaries as on July 11, 2017('Record Date').

Consequent to the said allotment, the paid up share capital of the Company has increased to Rs. 6,76,06,080 divided into 67,60,608 Equity Shares of Rs. 10/- each.

The Board also decided that the bonus Equity shares would be credited / dispatched to all the Equity shareholders, entitled for bonus shares, on or before July 19, 2017.

The meeting of the Board of Directors commenced at 12.30 p.m. and concluded at 01:00 p.m.

Shares of MAAN ALUMINIUM LTD. was last trading in BSE at Rs.95.15 as compared to the previous close of Rs. 90.65. The total number of shares traded during the day was 3328 in over 16 trades.

The stock hit an intraday high of Rs. 95.15 and intraday low of 95.15. The net turnover during the day was Rs. 316659.

Source : Equity Bulls

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