READYMADE STEEL INDIA LTD. - Outcome of Board Meeting

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10 Apr 2014
Readymade Steel India Ltd has informed BSE that pursuant to the resolution passed by the shareholders of the Company in the Extra-ordinary General Meeting held on March 18, 2014, the In-Principle Approval of the stock exchange and on receipt of the 25% of the issue price (i.e. Rs. 2,00,00,000/-), the Board of Director of the Company at their meeting held on April 10, 2014 have allotted 4,00,000 warrants of Rs. 200/- each convertible into 4,00,000 Equity Shares of Rs. 10/- each fully paid up at a premium of Rs. 190/- per share to the allottees who are Non-Promoters.<br/><br/>The balance amount of 75% shall be received from the allottees on or before conversion of the warrants into Equity shares within the stipulated period of eighteen month from the date of allotment.
View all announcements for READYMADE STEEL INDIA LTD.	Source: BSE India

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