Rama Pulp Board approves issue of 22.50 lakh warrants

Rama Pulp & Papers Ltd has announced that the Board of Directors of the Company at its meeting held on June 30, 2009, inter alia, has decided to raise funds by issuing 22,50,000 Warrants to be converted into equal number of equity shares within 18 months from the date of issue of Warrants on Preferential basis, subject to the approval of the shareholders.

Source : Equity Bulls

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