 "Rama Steel freezes 10% upper circuit on warrants issue to Shankar Sharma")
Shares of Rama Steel Tubes were locked in the 10 per cent upper circuit band at Rs 116.15 on the BSE on Thursday after the company allotted 1.62 million warrants to investor Shankar Sharma at an issue price of Rs 112.50 per share.
Trading volumes on the counter jumped over three-fold with a combined 1.51 million shares changing hands. There are a combined pending buy orders for 110,589 shares on the NSE and BSE.
The company's board made allotment of 1,625,000 convertible warrants at an issue price of Rs 112.50 each (including premium of Rs 111.50) to Shankar
Trading volumes on the counter jumped over three-fold with a combined 1.51 million shares changing hands. There are a combined pending buy orders for 110,589 shares on the NSE and BSE.
The company's board made allotment of 1,625,000 convertible warrants at an issue price of Rs 112.50 each (including premium of Rs 111.50) to Shankar
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