Raj Oil Mills to issue upto 2.40 cr warrants

Raj Oil Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 05, 2012, have taken the following decisions:1. Subject to the approval by the share holders in the Extra Ordinary General Meeting:- Issuing upto 2,40,00,000 warrants @ Rs. 14/- per warrant to the person acting in concert (non promoters) on preferential basis convertible in to equal number of equity shares of Rs. 10/- each- To create, offer, issue and allot any security including Global Depository Receipts (GDRs), American Depository Receipts (ADRs) convertible into equity shares not exceeding USD 20 million or equivalent Indian rupees.2. Approved the Notice of the Extra Ordinary General Meeting of the Company.Source : BSE

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