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| Exchange Disseminated Time | Automotive Stampings and Assemblies Ltd has informed BSE that the Issue of equity shares to shareholders on Rights basis in the ratio of 5 shares for every 9 shares held, at an issue price of Rs. 52 per share (including premium of Rs. 42 per share) which opened on June 20, 2011 and closed on July 08, 2011 for an issue size of Rs 2946.24 lacs has been successfully concluded.
The Board of Directors, in its meeting held on July 21, 2011, inter alia, took on record the Statement of Basis of Allotment finalized in consultation with and approved by the Stock Exchange on July 21, 2011. Based on the said Basis of Allotment, the Board of Directors has allotted 56,65,856 equity shares of face value of Rs. 10/- each at a premium of Rs. 42 per share. Pursuant to the allotment, the paid up equity share capital has increased to Rs. 15,86,43,970 comprising of 1,58,64,397 equity shares of Rs. 10 each. Post-allotment, the Promoter of the Company, Tata AutoComp Systems Ltd, continues to hold 75% of the post-issue paid up equity share capital. |
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