Rainbow Papers has informed that the board of directors of the company at its meeting held on December 20, 2012, has allotted 90,00,000 warrants convertible into 90,00,000 equity shares of Rs. 2 each (in one or more trenches within a maximum period of 18 months), at a price of Rs. 81 each to the promoter group Company M/s. Drupa Suppliers Private Limited.
The above information is a part of company’s filings submitted to BSE.