Shree Rama Newsprint Ltd allots 42 lakh NCRPS

The Share Issue and Allotment Committee of Shree Rama Newsprint Ltd has allotted 42,00,000 (Fourty Two Lakhs) 10% Unlisted, Non-Convertible, Cumulative, Non- Participating, Redeemable Preference Shares ('NCRPS') of the Company, of the face value of Rs. 100 each, fully paid up aggregating to Rs. 42,00,00,000/- (Rupees Fourty Two Crores Only) to Riddhi Siddhi Gluco Biols Limited, promoter Company, on receipt of cash consideration, on a preferential / private placement basis.

Shares of Shree Rama Newsprint Limited was last trading in BSE at Rs. 11.01 as compared to the previous close of Rs. 10.98. The total number of shares traded during the day was 17998 in over 98 trades.

The stock hit an intraday high of Rs. 11.38 and intraday low of 11.00. The net turnover during the day was Rs. 199615.00.

Source : Equity Bulls

Keywords

ShreeRamaNewsprint INE278B01020 FundRaising NCRPS Allotment RiddhiSiddhiGlucoBiols