Outcome of Committee Meeting

Updated on: Oct 12, 2015

Balasore Alloys Ltd has informed BSE that pursuant to the in-principle approval granted by the stock exchange for Issue and allotment of 80,00,000 Convertible Warrants and further to the approval given by the shareholders in the Annual General Meeting of the Company held on September 29, 2015, the Committee for Preferential Issue of Warrants of the Board of Directors, at its meeting held on October 12, 2015 has allotted 80,00,000 (Eighty Lacs) Convertible Warrants to Jaltarang Vanijya Pvt. Ltd., a Promoter Group entity / Persons Acting in Concert (“PAC”) on Preferential basis which shall entitle the Warrant holder to equivalent number of equity shares of Rs. 5/- each of the Company at a price of Rs. 17/- per share.

Pdf Link: >Outcome of Committee Meeting

Source : BSE - >www.bseindia.com

Published on November 30, 2017

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