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Shares of Alicon Castalloy will remain in focus on Wednesday, as the company’s board of directors at its meeting held on May 9, decided to issue 8.6 lakh equity shares of face value ₹5 each to Enkei Corporation, Japan, at ₹478 per share on preferential basis. Enkei Corporation currently holds 11 lakh shares or 8.98 per cent of the equity capital of the company. Following the proposed issue, total holding by Enkei Corporation will increase to 14.94 per cent of Alicon’s expanded capital.
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