Ratnamani Metals to issue warrants at Rs.950

Ratnamani Metals & Tubes Ltd has announced that the Board of Directors of the Company at its meeting held on August 07, 2007, has resolved to issue and allot 4,50,000 convertible warrants (5% of the present equity capital) at a price of Rs 950 per warrant aggregating to Rs 42.75 cores determined in accordance with existing guidelines of SEBI on preferential basis to the Executive Promoters, subject to the approval of the shareholders in the Annual General Meeting to be held on September 07, 2007.

Source : Equity Bulls

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