Rainbow Papers to consider allotment of 263300 shares at Rs. 81

A meeting of the Board of Directors of Rainbow Papers Ltd will be held on April 17, 2014, to consider the allotment of 2,63,300 Equity Shares at the price of Rs. 81/- per share (on partial conversion of 2,63,300 warrants out of balance 72,48,000 warrants outstanding to be converted as on date) to the Promoter Group Company M/s. Drupa Suppliers Private Limited.

Shares of RAINBOW PAPERS LTD. was last trading in BSE at Rs.74.5 as compared to the previous close of Rs. 74. The total number of shares traded during the day was 41177 in over 334 trades.

The stock hit an intraday high of Rs. 75.45 and intraday low of 73. The net turnover during the day was Rs. 3046338.

Source : Equity Bulls

Keywords