RCI Industries and Technologies to issue equity shares on preferential basis
RCI Industries and technologies, the newly migrated scrip to BSE mainboard from BSE SME board had a dream run on bourses with the stock hitting its new 52-W high on Monday.
Jan 09, 2017 12:01 IST India Infoline News Service
The company has made some announcement with reference to the earlier announcement dated December 30, 2016, which relates to the issuance of equity shares on preferential basis.
Board of Directors of the company in its meeting held January 09, 2017, have approved the draft notice and have convened the bourses that the extra ordinary general meeting will be held on February 03, 2017 to get the approval of its shareholders on the issuance of total 17,37,000 equity shares at a price of Rs 225 per share to promoters and also to the non-promoters of the company.
The stock is trading at a P/E of 16.13 multiple. In the last one year, the stock has outperformed BSE Small cap index.
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