# 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%.

- Type: Investment
- Announced: 2017-05-09
- Where: India
- Value: $6.40M (410.8M INR)
- Status: announced
- Products: cast alloy products
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Alicon Castalloy](https://endata.com/companies/24143.md)
- [Enkei Corporation](https://endata.com/companies/24144.md) (investor)

## Sources

- [business-standard.com](https://www.business-standard.com/article/news-cm/board-of-alicon-castalloy-approves-allotment-of-shares-to-enkei-corporation-japan-117050901123_1.html), 2017-05-09: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.