Article: RSWM to raise Rs 30.45 cr through preferential issue.

RSWM to raise Rs 30.45 cr through preferential issue

Mumbai, Oct 18 (PTI) -- Textile company RSWM Ltd today said it will raise Rs 30.45 crore by issuing 35 lakh convertible warrants at a price of Rs 87 each on preferential basis.

The board of directors took a decision to this effect at its meeting, the company said in a filing to the Bombay Stock Exchange.

The board approved allotment of 30 lakh convertible warrants of Rs 87 each, aggregating to Rs 26.10 crore, to promoters, directors and persons acting in concert, including associates, relatives and friends, it said.

The remaining five lakh convertible warrants of Rs 87 each ...

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