Ramkrishna Forgings to consider allotment of shares on Feb 20, 2010

Ramkrishna Forgings Ltd has announced that a meeting of the Board of Directors of the Company will be held on February 20, 2010, inter alia, to consider and approve the allotment of upto 11 lakhs equity shares of Rs. 10 each and upto 39 lakhs warrants with an option to subscribe upto 39 lakhs Equity Share of Rs. 10 each to Promoter and Non promoter group in accordance with the resolution passed at the Extra Ordinary General Meeting held on February 17, 2010.

The stock closed the day at Rs.123.85, up by Rs.4.95 or 4.16%. The stock hit an intraday high of Rs.124.65 and low of Rs.119.15.

The total traded quantity was 226 compared to 2 week average of 864.

Source : Equity Bulls

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