Corporate News     21-Mar-13
Alok Industries intimates the rights issue opening & closing date
On 20 March 2013
Alok Industries has earlier informed about the rights issue of equity shares of the company aggregating upto Rs 551.00 crores with a face value of Rs 10 each in the ratio of 2 equity shares for every 3 fully paid equity shares held by the eligible shareholders on the record date, i.e., 19 February 2013. The rights issue is of 55,08,46,238 equity shares with a face value of Rs 10 each for cash at par for an aggregate amount of Rs 550.85 crore.

The issue opens on 30 March 2013. The last date for receiving requests for split application forms is 20 April 2013. The issue closes on 27 April 2013.

The committee of the company met on 20 March 2013 and adopted the letter of offer and abridged letter of offer and is authorised to conduct all activities incidental to the rights issue.

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