SAAG RR Infra approves issue of 1.62 million shares

SAAG RR Infra Ltd has announced that the Board of Directors of the Company at its meeting held on August 27, 2009, inter alia, has approved the issue of about 1.62 million ordinary equity shares of Rs. 10 each on a preferential basis to investors subject to shareholders approval of the Company.

The investors who will be allotted the shares are Lynhurst View Investments Ltd, Perfect Assets International Ltd and Efficient Premium Investments Ltd at a price calculated in accordance with Chapter XIII of the SEBI (DIP) Guidelines. The Relevant Date for the above purpose has been fixed as August 24, 2009.

The stock closed the day at Rs.25.45, up by Rs.1.20 or 4.95%. The stock hit an intraday high of Rs.25.45 and low of Rs.25.45.

The total traded quantity was 22909 compared to 2 week average of 203314.

Source : Equity Bulls

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