Issue price fixed at Rs 17 per share of Rs 5 each
Balasore Alloys announced that with regard to issuance of 80,00,000 Convertible Warrants to the Promoter Group entity / Persons Acting in Concert of the Company on preferential basis, the Committee of Board of Directors considered and approved the issue price of Rs. 17/- per share of Rs. 5/- each based on the certificate of the Statutory Auditor in terms of the Chapter VII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.Further, above price based on the relevant date i.e. 28 August 2015 meets all requirements in terms of the above SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.
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