Remi Edelstahl Tubulars Ltd approves issue of 4 lakh shares

The Board of Directors of Remi Edelstahl Tubulars Ltd at its meeting held on December 02, 2014 has subject to approval of members approved issue of 4,00,000 Equity shares of Rs. 10/- each on preferential basis to the promoters at a price which shall not be lower than the price determined in accordance with the provisions of Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.

Further, the Board have considered and approved to sought the members approval by way of Postal Ballot and e-Voting.

Shares of Remi Edelstahl Tubulars Limited was last trading in BSE at Rs.19 as compared to the previous close of Rs. 19.5. The total number of shares traded during the day was 1000 in over 2 trades.

The stock hit an intraday high of Rs. 19 and intraday low of 19. The net turnover during the day was Rs. 19000.

Source : Equity Bulls

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