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Saturday, May 07, 2005
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 Corporate - Preferential Allotments


Rain Commodities allotment

Our Bureau

HYDERABAD: The board of directors of Rain Commodities Ltd will meet on May 13 to consider allotment of equity warrants in favour of both non-promoters and promoters on a preferential allotment basis.

The company informed the stock exchanges that the board would consider allotment of 50 lakh equity warrants to Citicorp Finance (India) Ltd (non-promoter), 34 lakh equity warrants to Meghamala Enterprises Pvt Ltd (non- promoter) and 15.99 lakh equity warrants to Sujala Investments Pvt Ltd (promoter) for Rs 40 per warrant.

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