Rajeswari Foundations to allot 8 lakh warrants

Rajeswari Foundations Ltd has announced that the Board of Directors of the Company at its meeting held on May 27, 2009 has decided to offer 8,00,000 convertible warrants to Promoter and Non Promoter by way of Preferential Allotment under Chapter XIII of the SEBI (Disclosure & Investor Protection) Guidelines, 2000 subject to approval of shareholders and regulatory authorities.

Further the Board of Directors has been decided to convene Extra-Ordinary General Meeting on June 22, 2009 to obtain approval of shareholders of the company for the above mentioned purpose.

The stock closed the day at Rs.13.25, up by Rs.0.63 or 4.99%. The stock hit an intraday high of Rs.13.25 and low of Rs.13.25.

The total traded quantity was 8010 compared to 2 week average of 2021.

Source : Equity Bulls

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