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 Corporate - Preferential Allotments


FACOR allots shares to promoters, FIs

Our Bureau

Hyderabad , Aug. 24

FERRO Alloys Corporation Ltd (FACOR) has informed the stock exchanges that its Allotment Committee of Directors in a meeting held on Saturday has allotted 7,85,51, 455 equity shares of Re 1 each and 7,64,016 preference shares of Rs 100 each carrying 0.01 coupon issued to promoters and financial institutions and 81,48,306 equity shares of Re 1 each to existing shareholders in terms of the rehabilitation scheme approved by the Board for Industrial and Financial Reconstruction (BIFR).

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