Rajshree Sugars to issue 11 lakh warrants to Rajshree Pathy

Rajshree Sugars & Chemicals Ltd has announced that at the meeting of the Board of Directors held on April 20, 2009, it was proposed to issue 11,00,000 preferential shares / warrants to one of the promoters of the Company, Ms. Rajshree Pathy, Chairperson and Managing Director, subject to approval of the shareholders at the ensuing Extraordinary General Meeting to be held on May 28, 2009.

The stock was trading at Rs.59.50, down by Rs.1.80 or 2.94%. The stock hit an intraday high of Rs.61 and low of Rs.59.50.

The total traded quantity was 575 compared to 2 week average of 14838.

Source : Equity Bulls

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