On 27 September 2014
Rasi Electrodes will hold a meeting of the Board of Directors of the Company on 27 September 2014, 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, and 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.Powered by Capital Market - Live News