SAAG RR Infra Ltd Convert of Non-Cumulative Compulsorily Convertible Preference Shares

The Directors of SAAG RR Infra Ltd on April 17, 2012, have passed a Circular Resolution for allotment of 1,370,000 equity shares of Rs. 10 each at a premium of Rs. 8.60 to SAAG (Mauritius) Ltd, Foreign Promoter of the Company, by conversion of equal number of Non-Cumulative Compulsorily Convertible Preference Shares of Rs. 10 each issued at premium of Rs. 8.60 per share.

The SAAG RR Infra Ltd stock was trading at Rs.5.65, up by Rs.0.15 or 2.73%. The stock hit an intraday high of Rs.5.70 and low of Rs.5.25.

The total traded quantity was 13601 compared to 2 week average of 7225.

Source : Equity Bulls

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