Rainbow Foundations allots 3.15 crore preference shares

The Board of Rainbow Foundations on 17 December 2018 has approved the allotment of 3,15,00,000 Non Convertible Redeemable Cumulative Preference Shares at face value of Rs 10 each in favour of Avance Technologies on private placement basis vide special resolution passed by members of the Company at the EGM held on 5 December 2018.

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