Rajapalayam Mills Board to consider preferential issue

A meeting of the Board of Directors of Rajapalayam Mills Ltd will be held on May 27, 2013, to consider the issue of Convertible Warrants to Promoters on preferential basis.

Shares of Rajapalayam Mills Ltd last traded in BSE at Rs.245.80, down by Rs.4.20 or 1.68%. The stock hit an intraday high of Rs.254.75 and low of Rs.240.

The total traded quantity was 824 compared to 2 week average of 325.

Source : Equity Bulls

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