Rana Sugars to consider allotment of 6400000 shares on March 31, 2012

A meeting of the Board of Directors of Rana Sugars Ltd will be held on March 31, 2012, to allot 64,00,000 equity shares of Rs. 10/- each for cash at par to the Promoters on preferential basis, if approved by the shareholders in the Extra-ordinary General Meeting to be held on March 30, 2012.

The Rana Sugars Ltd stock was trading at Rs.3.65, down by Rs.0.06 or 1.62%. The stock hit an intraday high of Rs.3.81 and low of Rs.3.61.

The total traded quantity was 1.72 lakhs compared to 2 week average of 0.72 lakhs.

Source : Equity Bulls

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