The committee of Ahmednagar Forgings has allotted 17,00,000 equity shares of Rs 10 per share at a premium of Rs 230 aggregating to Rs 40.80 crore to the promoter company on preferential basis.
Further, the committee has allotted 38,00,000 warrants convertible into equivalent number of equity shares of Rs 10 each at a premium of Rs 230 aggregating to Rs 91.20 crore to the promoter company on preferential basis.
This was decided at the committee meeting held on 15 January 2008.
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