At meeting held on 19 June 2014
Rainbow Papers announced that the Board of Directors of the Company at its meeting held on 19 June 2014, has allotted 69,84,700 Equity Shares of face value of Rs 2 per share to one of the promoter group Company viz. Drupa Suppliers, pursuant to the conversion of the balance 69,84,700 warrants outstanding for conversion as on date out of 90,00,000 warrants allotted to the said Company on December 20, 2012 on preferential basis under Chapter VII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.Powered by Capital Market - Live News
