Rammaica India approves issue of 68 lakh warrants

Rammaica India Ltd has announced that the Board of Directors of the Company at its meeting held on July 03, 2010, has decided to issue 68,00,000 Convertible Warrants on Preferential Basis, to be later convertible into Equity Shares, subject to the approval of the Members in the General Meeting.

The stock was trading at Rs.10.87, down by Rs.0.54 or 4.73%. The stock hit an intraday high of Rs.11.98 and low of Rs.10.87.

The total traded quantity was 300 compared to 2 week average of 2778.

Source : Equity Bulls

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