Shree Rama Newsprint Ltd approves allotment of OCDs to ICICI Bank

The Board of Directors of Shree Rama Newsprint Ltd at its meeting held on July 31, 2015 has approved the allotment of 3,00,00,000 Optionally Convertible Redeemable Debentures ("OCD") at a price of Rs. 10/- per debenture to ICICI Bank Limited on preferential basis.

Shares of SHREE RAMA NEWSPRINT LTD. was last trading in BSE at Rs.13.72 as compared to the previous close of Rs. 14.51. The total number of shares traded during the day was 69182 in over 346 trades.

The stock hit an intraday high of Rs. 14.76 and intraday low of 13.51. The net turnover during the day was Rs. 988907.

Source : Equity Bulls

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