Rama Paper Mills AGM approves 6% dividend, to raise capital

Rama Paper Mills Ltd has announced that members at the 21st Annual General Meeting (AGM) of the Company held on August 25, 2006, inter alia, have transacted the following:

Declare the dividend @ 6% to the Preference Shareholders.

Issuance of the Equity / Preference Shares / CCPS, Debenture / Debt bonds or any other instrument of the face value to be decided, later on for raising an amount not exceeding Rs 100,00,00,000/- as the Board at its sole discretion at any times may decide to the existing members / Employees, Non Resident Indian, OCB’S, FIIS, FI, companies, other entities / authorities and to any other persons whether through public issue, right issue, private placement. etc, at times and at prices either at par or premium as the Board may decide in its absolute discretion.

Source : Equity Bulls

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