Ravindra Energy Limited board to consider conversion of debentures to shares

A Meeting of the Board of Directors of Ravindra Energy Limited will be held on Thursday, the 30th day of September, 2021 to consider requests received from the Debenture Holders for conversion of 73,00,000 (Seventy Three Lakh) 9% Unrated Unlisted Unsecured Compulsorily Convertible Debentures into 1,46,00,000 (One Crore Forty Six Lakh) equity shares of the face value of Rs. 1O/- each at a conversion price of Rs. 37.50 per share and subsequent allotment of the said equity shares upon conversion of the debentures.

Shares of RAVINDRA ENERGY LIMITED was last trading in BSE at Rs. 51 as compared to the previous close of Rs. 50.25. The total number of shares traded during the day was 831 in over 14 trades.

The stock hit an intraday high of Rs. 51 and intraday low of 50. The net turnover during the day was Rs. 42040.

Source : Equity Bulls

Keywords