Rama Paper Mills to issue shares on preferential basis

Rama Paper Mills Ltd has announced that a meeting of the Board of Directors of the Company will be held on November 30, 2006, inter alia, to transact the following:

1. To approve the notice of the Extraordinary General Meeting of the Company.

2. To consider the issue of 3,75,000 Equity Shares of the face value of Rs 10/- each to the promoters of the Company under Preferential Allotment at the price not lower than that required under SEBI guidelines.

Source : Equity Bulls

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