Rajapalayam Mills Ltd allots 351000 Equity Shares on Preferential basis

The Sub-Committee of the Board of Directors of Rajapalayam Mills Ltd in its Meeting held on November 25, 2011 has allotted 3,51,000 Equity Shares of Rs.10/- each @ Rs.234/- per Share to Shri. P R Ramasubrahmaneya Rajha, Chairman on Preferential basis.

The stock was trading at Rs.186.20, up by Rs.1.25 or 0.68%. The stock hit an intraday high of Rs.199.90 and low of Rs.186.20.

The total traded quantity was 6 compared to 2 week average of 908.

Source : Equity Bulls

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