Rama Pulp & Papers approves conversion of 10 lakh warrants

Rama Pulp & Papers Ltd has announced that the Board of Directors of the Company at its meeting held on April 02, 2010 has approved the conversion of 10,00,000 Warrants in to equal number of equity shares of Rs. 10/- each at a premium of Rs. 15/- per share.

The stock was trading at Rs.23.80, up by Rs.1.10 or 4.85%. The stock hit an intraday high of Rs.23.80 and low of Rs.23.80.

The total traded quantity was 17410 compared to 2 week average of 143554.

Source : Equity Bulls

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