Riga Sugar Company Ltd allots 18 lakh warrants

The Committee for Issue of Share/Warrants in its meeting held on September 25, 2014, has allotted 18,00,000 convertible equity share warrant of Rs. 10/- each at price of Rs. 15.20 each (including premium of Rs. 5.20) to be converted at the option of the warrant holders within 18 months from the date of allotment into one fully paid up equity share of the company of face value of Rs. 10 each at an exercise price of Rs. 15.20 (including premium of Rs. 5.20) for each warrant as per approval of the shareholders by way of special resolution on September 11, 2014 and in accordance with SEBI (Issue of Capital & Disclosure Requirement) Regulations, 2009 to the persons belonging to Promoter Group and to others.

Shares of RIGA SUGAR COMPANY LTD. was last trading in BSE at Rs.11.03 as compared to the previous close of Rs. 11.77. The total number of shares traded during the day was 692 in over 17 trades.

The stock hit an intraday high of Rs. 11.93 and intraday low of 11. The net turnover during the day was Rs. 7640.

Source : Equity Bulls

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