Ruchi Soya recieves approval for issue of warrants

Ruchi Soya Industries Ltd has announced that the Company has received in-principle approval of Stock Exchanges for preferential allotment of 3,53,25,000 warrants convertible into equity shares of the Company.

The Company has further announced that a meeting of the Board of Directors of the Company will be held on December 24, 2007, inter alia, for allotment of the said warrants of the Company.

Source : Equity Bulls

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