Rainbow Papers Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 21, 2011, inter alia, to consider the following business:
1. To consider the issuance of 40,00,000 Equity Shares to the Promoters Group of the Company on preferential basis under SEBI (ICDR) Regulations, 2009.
2. To consider the issuance of 60,00,000 warrants to the Promoters Group of the Company on preferential basis, convertible in Equity Shares, under SEBI (ICDR) Regulations, 2009.
3. To decide the day, date and time of Extra Ordinary General Meeting of the Company, to obtain the approval of the shareholders for the preferential issue of equity shares / convertible warrant / to Promoters group.
4. To review the progress of the expansion program.
Sensex
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Sunday, March 13, 2011
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