Rama Steel Tubes Ltd approves allotment of 15 lakh warrants, 11 lakh shares

The Board of Directors of Rama Steel Tubes Ltd in their meeting held today i.e. on Wednesday, March 29, 2011 at 10 a.m. and concluded at 10: 40 a.m. at the Registered Office of the Company at No.7, Ist Floor, Surya Niketan, Vikas Marg, New Delhi 1- 110092, considered and approved the Preferential Allotment of 15,00,000 Fully Convertible Warrants (FCWs) and 11,00,000 Equity Shares of Rs. 5/- Equity Shares at an issue price of Rs. 122 each to persons belonging to promoter group and non-promoter group.

Source : Equity Bulls

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