Rasoya Proteins Ltd to consider allotment of 64 lakh shares on April 30, 2012

A meeting of the Board of Directors of Rasoya Proteins Ltd will be held on April 30, 2012 inter alia, to allot, 64,00,000 Equity Shares of Rs. 5/- each at a premium of Rs. 13/- per share against conversion request / notice received from the warrant holders, (promoters) to whom the Company has issued and allotted 64,00,000 Share Warrants @ Rs. 18/- per warrant (erstwhile 32,00,000 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 closed the day at Rs.27.45, up by Rs.0.35 or 1.29%. The stock hit an intraday high of Rs.28 and low of Rs.26.10.

The total traded quantity was 26195 compared to 2 week average of 8951.

Source : Equity Bulls

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