RMG Alloy Steel Limited to consider preferential issue on Mar 1, 2018

A meeting of the Board of Directors of RMG Alloy Steel Limited is scheduled to be held on Thursday, March 1, 2018, to consider and approve the issue of equity shares together with warrants carrying option to subscribe to equity shares or alternatively, redeemable preference shares, on preferential basis to constituent/s of Promoters' group of the Company and to some private investors in the sum of the amount and at a price as may be determined by the Board.

The board will approve the Notice of Extraordinary General Meeting along with its day, time and venue (with e-voting facility) for the above.

The trading window for dealing in the securities of the Company by the Insiders, as defined under the SEBI (Prohibition of Insider Trading) Regulations, 2015 will be closed here onward till Saturday, March 03, 2018 (both days inclusive).

Shares of RMG Alloy Steel Limited was last trading in BSE at Rs.11.51 as compared to the previous close of Rs. 11.29. The total number of shares traded during the day was 28229 in over 31 trades.

The stock hit an intraday high of Rs. 11.51 and intraday low of 11.51. The net turnover during the day was Rs. 324915.

Source : Equity Bulls

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