With reference to the earlier announcement dated December 30, 2016 with relates to issuance of equity shares on preferential basis, RCI Industries & Technologies Ltd has now informed BSE that the board of Directors at their meeting held January 09, 2017, inter alia, approved the draft notice convening the Extra Ordinary General Meeting on February 03, 2017 and issuance of total 17,37,000 equity shares at a price of Rs. 225 per share to promoters and other than promoters has been finalized for approval of shareholders.
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