Rasoya Proteins to consider preferential issue on Dec 19, 2009

Rasoya Proteins Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 19, 2009, inter alia, to issue and allot 67,00,000 Equity shares of Rs. 10/- each at a premium of Rs. 26/- per share and 58,00,000 Equity Share Warrants of Rs. 10/- each at a premium of Rs. 26/- per share warrant of the Company to promoters and persons other than promoters on preferential basis pursuant to the in-principal approval received from the regulatory authority vide their letter dated December 14 2009.

The stock was trading at Rs.32.55, up by Rs.0.95 or 3.01%. The stock hit an intraday high of Rs.32.60 and low of Rs.30.75.

The total traded quantity was 290 compared to 2 week average of 1800.

Source : Equity Bulls

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