Raasi Refractories Board Meeting on Oct 04, 2008 to consider allotment of shares

Raasi Refractories Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 04, 2008, inter alia, for allotment of 1,21,136 Equity Shares of the Company having face value of Rs 10/- each at Par to Industrial Finance Corporation of India Ltd pursuant to the Conversion of outstanding funded interest term loan of Rs 12,11,360 in accordance with the provisions of Section 81(3) of the Companies Act, 1956. The same may be taken on record.

Source : Equity Bulls

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