Rajshree Sugars to issue 800000 shares or warrants to Promoter

Rajshree Sugars & Chemicals Ltd has announced that the Board of Directors of the Company at its meeting held on August 25, 2008, has proposed to issue 8,00,000 preferential shares / warrants to one of the promoters of the Company, Ms. Rajshree Pathy, Chairman and Managing Director, subject to approval of the shareholders at the ensuing Annual General Meeting to be held on September 29, 2008.

The Stock closed the day at Rs.68, up by Rs.1 or 1.49%. The stock hit an intraday high of Rs.69.30 and low of Rs.66.65.

The total traded quantity was 4358 compared to 2 week average of 12107.

Source : Equity Bulls

Keywords