Riga Sugar Company Ltd allots 20 lakh convertible warrants at Rs. 12

The "Committee for issue of Share Warrants" of the Board of Directors of Riga Sugar Company Ltd in its meeting held on March 30, 2016 have allotted 20,00,000 convertible equity share warrants, to be convertible at the option of warrant holder in one or more trenches, within 18 months from the date of its allotment into 1 fully paid up equity share of face value of Rs. 10/- each for cash at an exercise price of Rs. 12.00 (including premium of Rs. 2/-) for each warrant to the person belonging to the promoter group in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.

Shares of RIGA SUGAR COMPANY LTD. was last trading in BSE at Rs.12.9 as compared to the previous close of Rs. 12.85. The total number of shares traded during the day was 3174 in over 10 trades.

The stock hit an intraday high of Rs. 12.9 and intraday low of 12.9. The net turnover during the day was Rs. 40944.

Source : Equity Bulls

Keywords