Ruchi Strips to allot 55,69,025 shares to IFCI at Rs.10.15

Ruchi Strips & Alloys Ltd has announced that the Board of Directors of the Company at its meeting held on March 19, 2007 has considered and approved the conversion of 5,65,256 Fully Convertible Debentures of Rs 100/- each to IFCI Ltd by allotting 55,69,025 Fully paid-up Equity Shares of Rs 10/- each at premium of Rs 0.15 per Equity Share, to IFCI Ltd.

Source : Equity Bulls

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