Ruchira Papers Ltd approves allotment of warrants at Rs. 140.50

The Allotment Committee of the Board of Directors of Ruchira Papers Ltd at its meeting held today i.e 11.03.2017 has taken note of the minimum price of the share warrants as calculated as per the provisions of Chapter VII of the SEBI Regulations, 2009 as amended. The minimum issue price as per the above regulation comes at Rs. 139.40.

The committee approves that the share warrants convertible into equity shares shall be issued at Rs. 140.50 per share subject to the approval of the members to be obtained through postal ballot.

The meeting commenced at 10 AM and concluded at 10:35 AM.

Shares of RUCHIRA PAPERS LTD. was last trading in BSE at Rs.139.4 as compared to the previous close of Rs. 138.65. The total number of shares traded during the day was 12276 in over 308 trades.

The stock hit an intraday high of Rs. 142.5 and intraday low of 138.1. The net turnover during the day was Rs. 1722865.

Source : Equity Bulls

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