Company news: Pritika Auto Industries

The board of Pritika Auto Industries on Monday allotted 1.75 lakh shares at ₹175 apiece and 5.75 lakh warrants at ₹50 apiece to investors (public category). Warrant-holders will have to exercise an option to subscribe to 5.75 lakh shares of the company at an exercise price of ₹150 apiece (effective price being ₹200/share). Earlier, the company had received approval from its shareholders and the BSE for the fund-raising plans. Shares of Pritika gained 1.2 per cent at ₹176.15 on the BSE.