The board of Radha Madhav Corporation has decided to issue 25,50,000 equity shares of Rs 10 each to non promoters.
The board has decided to issue 25,50,000 equity shares of Rs 10 each to non promoters.
The board has decided to issue 6,00,000 equity shares Rs 10 each to promoters.
The issue price will be Rs 85 per security or such price. The holder of warrants shall be entitled to one equity shares in exchange of one warrant.
The issue of the above securities is to fill up the short fall of fund occurred due to non allotment of securities as approved in the extra ordinary general meeting held on 21 January 2007.
This was decided at the board meeting held on 30 October 2007.
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