At meeting held 09 May 2017
Alicon Castalloy announced that the Board of Directors of the Company at its meeting held on 09 May 2017 has decided to issue 8,60,000 equity shares of Rs 5 each to Enkei Corporation, Japan at Rs 478 per share on preferential basis. The Board has convened an EGM on 08 June 2017 for obtaining the necessary approvals.With the proposed allotment of 8,60,000 equity shares, the holding of Enkei in Alicon Castalloy will increase from 8.98% to 14.94% of the expanded capital.
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