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Provider: Thomson Reuters Stock Report

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Alok Industries Ltd. Updates On Rights Issue

Thursday, 9 May 2013 04:08am EDT 

Alok Industries Ltd. announced that the Committee of Directors formed for the purpose of dealing with various issues related to Company's Rights Issue at its meeting held on May 08, 2013 issued and allotted 550,846,238 Equity Shares of the face value of INR10 each for cash at par per equity share to the eligible equity shareholders of the Company in the ratio of 2 equity share(s) for every 3 fully paid up equity share(s) held by the equity shareholders on the record date, that is February 19, 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. on May 07, 2013. Consequent to the aforesaid allotment the paid up capital of the Company stands increased from the present 826,269,357 fully paid up equity shares of the face value of INR10 each to 1,377,115,595 fully paid equity shares of the face value of INR10 each. 

Company Quote

-0.45 -5.81%
24 Apr 2015