Alicon Castalloy board approves share allotment to Enkei Corporation

The board of Alicon Castalloy approved issuing 860,000 equity shares to Enkei Corporation at Rs 478 per share on a preferential basis, increasing Enkei's stake from 8.98% to 14.94%.

“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.”business-standard.com

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• business-standard.comBoard of Alicon Castalloy approves allotment of shares to Enkei Corporation, JapanCapital MarketMay 9, 2017

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