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Rainbow Foundations to raise funds on private placement basis

12 Mar 2019 Evaluate

Rainbow Foundations has received an approval for the allotment of 1,01,50,000 Non-Convertible Redeemable Cumulative Preference Shares (NCRCPS) at a face value of Rs 10 each aggregating to Rs 10,15,00,000 on Private Placement basis in favour of Avance Technologies.

The Board of Directors of the Company which passed Circular resolution on March 11, 2019, approved the same.

Rainbow Foundations (RFL) is a gigantic construction company with an enviable track record in the real estate scenario of Chennai.

Rainbow Foundation Share Price

49.00 -0.04 (-0.08%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 820.90
Dilip Buildcon 437.70
DLF 568.40
Oberoi Realty 1685.35
Ahluwalia Contract(I 784.50
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