Riga Sugar to consider warrants issue on Aug 13, 2009

Riga Sugar Company Ltd has announced that a meeting of the Board of Directors of the Company will be held on August 13, 2009, inter alia, to consider, issue of equity share / warrant to the promoters group and / or non-promoters preferential basis in accordance with SEBI (DIP) Guidelines.

The Board shall also consider fixation of time, date and place of Extra-Ordinary General Meeting of the Members of the Company to approve aforesaid matter.

The stock closed the day at Rs.42.25, up by Rs.0.45 or 1.08%. The stock hit an intraday high of Rs.47.70 and low of Rs.41.25.

The total traded quantity was 132816 compared to 2 week average of 23405.

Source : Equity Bulls

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