Raj Rayon Industries Ltd Board Meeting rescheduled to Jan 03, 2012

The Board of Directors meeting being scheduled on December 29, 2012, has now been rescheduled to be held on January 03, 2013, to sub divide/split the face value of Equity Shares of the Company from Rs. 10/- to Rs. 1/- per share and reclassify authorised share capital of the Company.

The Board will also consider raising of funds through issue of Redeemable Preference Shares to selected entities on preferential basis.

The Raj Rayon Industries Ltd stock closed the day at Rs.8.80, up by Rs.0.30 or 3.53%. The stock hit an intraday high of Rs.9 and low of Rs.8.11.

The total traded quantity was 11181 compared to 2 week average of 4556.

Source : Equity Bulls

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