Risa International has informed that the board of directors of the company at its meeting held on January 05, 2013, has considered the infrequent trade value of the script and non-availability of price information of pricing as per Regulation 72 of the ICDR Regulation, 2009; and considering the price guidelines as per SAST read with ICDR guidelines, the board decided to issue 8,300,000 equity shares of the company at Rs.10 each (subject to necessary correction relating to pricing as per ICDR Guidelines). The aggregate subscription amount should not be more than Rs. 83,000,000.
The above information is a part of company’s filings submitted to BSE.
