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Ashirwad Steels & Industries allots equity shares

The board of Ashirwad Steels & Industries has allotted 45,00,000 equity shares of the face value of Rs 10 each to the persons / entities belonging to the non- promoter group on preferential allotment basis at price of Rs 40 per share.

Subsequent to the allotment of aforesaid 4500000 equity shares on preferential basis, the post allotment paid-up capital of the company shall become 1,25,00,000 equity shares of Rs 10 each aggregating to Rs 12,50,00,000.

These shares were allotted at the board meeting held on 14 July 2009.

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