Rajshree Sugars & Chemicals Ltd allots 49,67,926 Equity Shares

The Securities Allotment Committee of Rajshree Sugars & Chemicals Ltd at its meeting held today, has allotted the following securities to the lender banks by part conversion of their secured loans pursuant to the Resolution Plan for restructuring the debt of the Company (RP).

- 49,67,926 Equity Shares of face value of Rs.10/- each at a price of Rs.14.03 each (including premium of Rs.4.03 each) on preferential basis.

- 14,366 0.1% Secured, Unlisted, Non-Cumulative, Redeemable & Optionally-Convertible Debentures (OCD) of face value of Rs.1 lakh each on preferential / private placement basis.

- 9,748 0.1% Secured, Unlisted, Non-Cumulative, Redeemable & Non-Convertible Debentures (NCD) of face value of Rs.1 lakh each on preferential / private placement basis.

Shares of Rajshree Sugars & Chemicals Ltd., was last trading in BSE at Rs. 25.9 as compared to the previous close of Rs. 26.15. The total number of shares traded during the day was 457 in over 16 trades.

The stock hit an intraday high of Rs. 26.1 and intraday low of 25.3. The net turnover during the day was Rs. 11769.

Source : Equity Bulls

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