Rasi Electrodes to seek shareholders nod for preferential issue

The Board of Directors of Rasi Electrodes Ltd at its meeting held on July 31, 2014, has approved the proposal to obtain the approval of shareholders through postal ballot on August 27, 2014, for the proposed Preferential Issue of Equity shares and convertible Warrants.

Shares of RASI ELECTRODES LTD. was last trading in BSE at Rs.59 as compared to the previous close of Rs. 56.2. The total number of shares traded during the day was 14287 in over 101 trades.

The stock hit an intraday high of Rs. 59 and intraday low of 59. The net turnover during the day was Rs. 842933.

Source : Equity Bulls

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