Balasore Alloys allots 1 crore equity shares

On conversion of warrants

Balasore Alloys announced that the Committee for Preferential Issue of Warrants of the Board of Directors of the Company at its meeting held on 31 March 2017 has allotted 1 crore equity shares of Rs 5 each at a price of Rs 21.50 including premium of Rs 16.50 per share on preferential basis pursuant to conversion of warrants.

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