NR Agarwal Industries Ltd has announced that the Board of Directors of the Company at its meeting held on July 29, 2010, inter alia, has recommended Final Dividend @18% (Rs 1.80/- per equity share) to the Equity Shareholders.
The Board also approved issue of 12,00,000 zero percent convertible warrants on Preferential basis, convertible into equal number of equity shares of Rs.10/- each. The Convertible warrants and Equity shares allotted upon conversion shall be priced in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.
The stock was trading at Rs.60.50, up by Rs.5.50 or 10%. The stock hit an intraday high of Rs.60.50 and low of Rs.55.40.
The total traded quantity was 358835 compared to 2 week average of 54423.
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Union Budget