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Radha Madhav hits 20% upper circuit on nod for preferential issue/news07012012

Saturday, January 07, 2012

Shares of Radha Madhav Corporation hits 20% upper circuit, after the company said its board of directors have approved a proposal to issue 1.78 crore equity shares to the promoter at Rs20 per share on preferential basis.

The board also approved increase the authorised share capital from Rs39 crore to Rs59 crore by addition of 2 crore equity shares.
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