Rasi Electrodes board to meet on July 16

The board of directors of Rasi Electrodes will meet on July 16 to consider issue of equity shares and/or warrants convertible into equity shares on preferential basis to promoters and non-promoters. The board will also consider increasing the authorised capital of the company pursuant to the preferential issue. The board will also fix the date, time and venue of the extraordinary general meeting to get the approval of the shareholders. Shares of Rasi Electrodes tumbled 3.8 per cent at ₹53.20 on the BSE.