Ruchira Papers Limited board approves preferential issue

The Board of Directors of Ruchira Papers Limited, at the meeting held today i.e., 12th February 2021 have approved the preferential issue of 28,80,000 (Twenty Eight Lakh and Eighty thousand only) warrants, convertible into equivalent number oF Equity Shares of Rs 10/- each to the Promoters and Promoter Group enitites subject to the approval of the members of the Company through postal ballot (e-voting) and such other necessary regulatory approvals as may be required in this regard. The warrants will be issued at a price which shall be arrived as per the provisions of Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended and on such further terms and conditions specified in the said Regulations.

Shares of RUCHIRA PAPERS LTD. was last trading in BSE at Rs.60.05 as compared to the previous close of Rs. 61.9. The total number of shares traded during the day was 24964 in over 553 trades.

The stock hit an intraday high of Rs. 67 and intraday low of 58.7. The net turnover during the day was Rs. 1522745.

Source : Equity Bulls

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