Rajoo Engineers Ltd approves allotment of 35 lakh warrants

The Board of Directors of Rajoo Engineers Ltd at its meeting today i.e. 20th June, 2017 have approved the allotment of 35,00,000 Convertible Warrants on preferential allotment basis to the following persons at issue price of Rs. 19.10/- per warrant determined in accordance with Chapter VII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 pursuant to the approval of Shareholders of the Company and in-principle approval of the Stock Exchanges received for said issue of securities.

Each warrant is convertible in to one Equity Share of face value of Re. 1/- each with in a period of 18 months from the date of allotment of such warrants.

Shares of RAJOO ENGINEERS LTD. was last trading in BSE at Rs.23.5 as compared to the previous close of Rs. 23.5. The total number of shares traded during the day was 41514 in over 96 trades.

The stock hit an intraday high of Rs. 23.9 and intraday low of 23.1. The net turnover during the day was Rs. 969391.

Source : Equity Bulls

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