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Rainbow Papers has informed that the board of directors of the company at its meeting held on September 08, 2012, have allotted 60,00,000 equity shares of face value of Rs. 2 per share, issued at a price of Rs. 61 per share to one of the promoter group company - M/s Orient Newsprint Ltd pursuant to conversion of 60,00,000 convertible warrants allotted to the said company on August 30, 2011 on preferential basis.

Further, the board also granted authority to Ajay Goenka, chairman and managing director of the company and /or Ms. Runel Rathi, company secretary of the company, for making necessary application with the stock exchanges for listing of the above equity shares.

The above information is a part of company's filings submitted to BSE.

Rainbow Papers Share Price

0.47 0.00 (0.00%)
03-Feb-2020 18:01 View Price Chart
Peers
Company Name CMP
JK Paper 362.05
TN Newsprints 145.10
West Coast Paper 522.85
Emami Paper Mills 85.70
Seshasayee Paper 228.75
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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