Rainbow Papers has informed that a meeting of the Board of Directors of the company will be held on June 19, 2014 to consider Allotment of 69,84,700 Equity Shares at the price of Rs. 81 per share (on conversion of the balance 69,84,700 warrants outstanding to be converted) to the Promoter Group Company M/s. Drupa Suppliers Private Limited.
The above information is a part of company’s filings submitted to BSE.