Rajoo Engineers approves allotment of shares

Rajoo Engineers Ltd has announced that the Board of Directors of the Company at its meeting held on October 06, 2009, has approved the allotment of Equity shares on conversion of warrants issued on preferential basis. The Board has allotted 36,00,000/- (Thirty six Lac) equity shares of Re. 1/- each aggregating to Rs. 36,00,000/- (Rupees thirty six lac only) to the warrants holders who have opted for conversion of warrants.

The stock closed the day at Rs.14.95, down by Rs.0.75 or 4.78%. The stock hit an intraday high of Rs.15.95 and low of Rs.14.95.

The total traded quantity was 73686 compared to 2 week average of 149657.

Source : Equity Bulls

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