Rama Pulp to allot 2250000 warrants

Rama Pulp & Papers Ltd has announced that the Board of Directors of the Company at its meeting held on August 28, 2008, inter alia, has been decided to raise funds by issuing 22,50,000 Warrants to be converted in to equal number of equity shares within 18 months from the date of issuance of Warrants on Preferential basis, subject to the approval of the shareholders.

Source : Equity Bulls

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