Rana Sugars approves issue of 6400000 shares to promoters

The Board of Directors of Rana Sugars Ltd at its meeting held on March 05, 2012 has approved the issuance of 64,00,000 equity shares of Rs. 10/- each for cash at par to the Promoters on preferential basis subject to the approval of shareholders in the Extra-ordinary General Meeting to be held on March 30, 2012.

The Rana Sugars Ltd stock closed the day at Rs.3.95, up by Rs.0.18 or 4.77%. The stock hit an intraday high of Rs.3.95 and low of Rs.3.85.

The total traded quantity was 0.72 lakhs compared to 2 week average of 0.54 lakhs.

Source : Equity Bulls

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