Promoter buys shares of Shah Alloys Ltd through off-market deal

Rajendra V Shah, promoter of Shah Alloys Ltd (company) has acquired 55,000 equity shares through off-market deal.

Prior to the deal, Mr. Shah had 79,12,404 equity shares or 39.97% stake in the company which has increased to 79,67,404 equity shares or 40.24% stake after the recent acquisition.

This was announced to the stock exchanges through a notification on March 8, 2018.

Shares of SHAH ALLOYS LTD. was last trading in BSE at Rs.37.45 as compared to the previous close of Rs. 35.7. The total number of shares traded during the day was 9627 in over 18 trades.

The stock hit an intraday high of Rs. 37.45 and intraday low of 37.45. The net turnover during the day was Rs. 360531.

Source : Equity Bulls

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