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Sree Rayalaseema Alkalies & Allied Chemicals allots convertible warrants

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Capital Market

On preferential basis to Promoter

Sree Rayalaseema Alkalies & Allied Chemicals announced that the Board Allotment Committee Meeting will be held on 13 January 2016 to consider issue and allotment of 1,30,95,272 Convertible Share Warrants having face value of Rs.10/- each in three tranches at an issue price of Rs.17.02/- (as approved by the shareholders in the Annual General Meeting held on 16 September 2015) on Preferential basis to Brilliant Industries, (Promoter) pursuant to SEBI (ICDR) Regulations, 2009.

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First Published: Jan 07 2016 | 11:58 AM IST

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