Rasoya Proteins to consider allotment of 13600000 shares on March 21, 2012

A meeting of the Board of Directors of Rasoya Proteins Ltd will be held on March 21, 2012, to allot 136,00,000 Equity Shares of Rs. 5/- each at a premium of Rs. 13/- per share against conversion request / notice received from the warrant holders, (promoters and persons other than Promoters) to whom the Company has issued and allotted 136,00,000 Share Warrants @ Rs. 18/- per warrant (erstwhile 68,00,000 Warrants of Rs. 36/- per warrant, each share of Rs. 10/- each was split into 2 shares of Rs. 5/- each on June 22, 2011) at the Board Meeting held on November 03, 2010.

The Rasoya Proteins Ltd stock was trading at Rs.27.50, down by Rs.1 or 3.51%. The stock hit an intraday high of Rs.30.75 and low of Rs.27.50.

The total traded quantity was 0.15 lakhs compared to 2 week average of 0.15 lakhs.

Source : Equity Bulls

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