Rasi Electrodes Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 27, 2014, to issue and allot 10,00,000 Convertible Warrants on preferential basis to the Promoter and other than Promoter.
Rasi Electrodes Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 27, 2014, inter alia, to transact the following business:1. To issue and allot 10,00,000 Convertible Warrants on preferential basis to the Promoter and other than Promoter, with each Warrant convertible into one equity share of the Company of nominal value of Rs. 10/- each at a price of Rs. 54/- which includes a premium of Rs. 44/- per share.2. To issue and allot 14,60,000 Equity shares for cash at a price of Rs. 54/- per equity share (including a premium of Rs. 44/- per Equity share) on preferential basis to the Non-Promoter Group.Source : BSE
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