ALPHA TRIBE

Ahmedabad Steelcraft LtdInsider Trade, 01-01-1970: Insider Trading / SAST

01-01-1970 | 12:00 am

Real ACE Infra LLP, a promoter group entity, has announced a preferential allotment of 2.5 lakh equity shares on conversion of warrants in Ahmedabad Steelcraft Limited. Post allotment, its shareholding increased to 20 lakh shares, representing 20.74% of the equity capital and 13.25% of the diluted share capital. The equity share capital of Ahmedabad Steelcraft remains Rs. 9.64 crore (96.42 lakh shares of Rs.10 each), with a total diluted capital of Rs. 15.09 crore (1.51 crore shares). This move strengthens promoter holding and reflects confidence in the company's prospects.

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