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Gamco Limited announced that its Allotment Committee has approved the allotment of 40,91,960 equity shares on a preferential basis to various allottees, including DA Tradetech Pvt Ltd, Thermic Steel Company Private Limited, and Jenuine Advisory Private Limited, for a total consideration of Rs 20,45,98,000. The shares were allotted at an issue price of Rs 50 per share, including a premium of Rs 48 per share, following an in-principle approval from the BSE Limited. Post-allotment, the company's issued, subscribed, and paid-up equity share capital increased to Rs 11,62,46,920 divided into 5,81,23,460 equity shares.
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