Ruchira Papers allots 18.30 lakh equity shares

On conversion of warrants

Ruchira Papers has allotted 18,30,000 equity shares of Rs 10 each at a premium of Rs 130.50 per share to Promoter / Promoter Group on conversion of warrants.

Post allotment of the above shares, the paid up share capital of the company has increased to Rs 24.25 crore comprising of 24251804 equity shares of face value of Rs 10 each. The shareholding of Promoter / Promoter Group has increased from 61.14% to 64.07% of the enhanced paid up share capital of the company.

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