Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

RMG Alloy Steel Limited board approves issue of securities

Posted On: 2019-06-18 20:40:33

The Board of Directors of RMG Alloy Steel Limited at its meeting held on June 18, 2019 has approved the proposal to take consent of the members for issue and allotment of securities (equity and / or warrants having options to subscribe to equity shares) at a price of Rs.15 per equity share (i.e face value of Rs.6 plus premium of Rs.9 per share) for an aggregate equity subscription amount of upto Rs.169.09 Crore in one or more tranches against redemption of preference shares to the constituents of promoters' group and independent investors by way of private placement basis.

The fund raised from preference shares being redeemed was utilized / to be utilized for the purpose of financing capital expenditure, augmentation of working capital, redemption of preference shares, reduction of liabilities and / or for general business purpose.

Shares of RMG Alloy Steel Limited was last trading in BSE at Rs.13 as compared to the previous close of Rs. 12.5. The total number of shares traded during the day was 38031 in over 72 trades.

The stock hit an intraday high of Rs. 13.05 and intraday low of 12. The net turnover during the day was Rs. 474281.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Agro Tech Foods Ltd reports Q1FY20 PAT of Rs. 7.02 crore

B C Power Controls Ltd Q1 net profit at Rs. 0.86 crore

Jay Bharat Maruti Ltd consolidated Q1 net profit slides to Rs. 7.84 crore

DCB Bank Ltd Q1 FY20 PAT at Rs. 81.06 crores

5paisa Capital Limited's rights issue to open for subscription on July 23, 2019

NMDC terminates BHEL contract

5paisa Capital Ltd reports consolidated loss of Rs. 0.52 crore in Q1

MCX Q1 FY20 consolidated PAT jumps YoY to Rs. 43.70 crores

Suzlon Energy defaults on payment of outstanding bonds

KNR Constructions Ltd receives work order for Rs. 847.34 crores

Deepak Nitrite Ltd board to approve Q1 results on Aug 2, 2019

CARE revises Commercial Paper rating of KRBL Ltd

Quartz™-powered TCS BaNCS™ Network Named Best Blockchain Breakthrough of the Year

South Indian Bank Ltd board to consider Q1 results on July 25, 2019

Vikas WSP Ltd bags order from UK for organic gluten free flour

NTPC Ltd commissions 1st unit of 660 MW of Nabinagar Super Thermal Power Project

United Bank of India reduces MCLR by 5 bps

HDFC AMC reports net profit of Rs. 2917 million in Q1FY20

Suprajit Engineering Ltd board to announce Q1 results on Aug 10, 2019

Shukra Pharmaceuticals Ltd Board approves Dividend of Rs. 0.50

Ind-Ra upgrades credit rating of Prism Johnson Ltd

Zydus Wellness Ltd board to approve 1st quarter results on July 31, 2019

Federal Bank Ltd posts consolidated net profit of Rs. 374.20 crores in Q1

TV18 Broadcast Ltd consolidated Q1 PAT at Rs. 23.17 crores

Network18 Media & Investments Ltd Q1 loss at Rs. 127.66 crores

Indian Overseas Bank board to consider quarterly results on July 23, 2019

Havells India Ltd board to announce first quarter results on July 27, 2019

TCS Recognized as a Leader in Gartner's 2019 Magic Quadrant for Data center outsourcing and Hybrid Infrastructure Managed Services, Europe

Trident Limited assigned 'CRISIL AA-/Stable / CRISIL A1+' to its bank debt and CP

Wall Street Finance Ltd calls for board meeting on July 29, 2019

Swastika Investsmart Ltd board to announce first quarter results on July 25, 2019

Syndicate Bankk Ltd board to approve 1st quarter results on July 24, 2019

Maithan Alloys honoured to be amongst the 'Best Under A Billion' Company in 2019

GNFC board to consider Q1 results on Aug 8, 2019

Satia Industries Ltd to list in NSE from July 17, 2019

Mercator Ltd completes restructuring of revised terms of $16 mn FCCBs

Sandeep Sinha to leave Cummins India Limited

Smruthi Organics Ltd board to consider 1st quarter results on July 29, 2019

WABCO India Ltd board to announce Q1 results on Aug 13, 2019

Vakrangee Limited to set-up Electric Vehicle charging infrastructure across India

Adani Ports commences cash tender offer for any and all of its US$650,000,000 3.50% Senior Notes due 2020

Cummins India Ltd announces resignation of Mr. Sandeep Sinha as MD

Nedbank Insurance's Core Transformation Powered by TCS BaNCS™ Wins 2019 Celent Model Insurer Award

Jubilant Life Sciences announces price increase of Vitamin B3

EID Parry India Ltd calls for board meeting on July 29, 2019

HDFC Bank Ltd board to consider special interim dividend on July 20, 2019

Apcotex Industries Ltd board to consider 1st quarter results on July 25, 2019

TATA Metaliks Ltd Q1 PAT lower at Rs. 19.62 crores

Brigade Enterprises Ltd board recommends 1:2 bonus issue

CIPLA Ltd board to announce Q1 results on Aug 7, 2019







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019