Shree Rama Newsprint Ltd allots NCDs on private placement basis

The Board of Directors of Shree Rama Newsprint Ltd at its meeting held on August 17, 2015, has approved the allotment of 299 Non Convertible Debentures at a price of Rs. 10,00,000/- per debenture to ICICI Bank Limited on private placement basis.

The Board also approved the allotment of 1 Non Convertible Debenture at a price of Rs. 10,00,000/- to Siwana Agri Marketing Limited on private placement basis.

Shares of SHREE RAMA NEWSPRINT LTD. was last trading in BSE at Rs.13.1 as compared to the previous close of Rs. 12.68. The total number of shares traded during the day was 40141 in over 86 trades.

The stock hit an intraday high of Rs. 13.1 and intraday low of 10.81. The net turnover during the day was Rs. 512685.

Source : Equity Bulls

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