Both the companies have decided to increase the authorised share capital, too. They would issue also securities under Employees Stock Options Scheme (ESOS). The borrowing limits of the companies would be enhanced and the mortgage or charge on the companies' assets would be created. They would issue securities in the international markets in one or more currencies, to persons or entities to both members and otherwise of the companies.
The registered office of the company would also be shifted to Goa from Maharashtra, the company announcement to BSE said. On the BSE, the RCoVL stock gained nearly 3%, or Rs 8.80, to end the day at Rs 308.90. The stock also touched an intra-day high of Rs 314.40 on Friday. A total of 41.67 lakh shares were traded on the BSE. The stock has been witnessing an impressive run in the recent past and has gained 6.54% of Rs 18.95 in the last one week.
On the other hand, RNRL notched up nearly 5% on Friday to end the day at Rs 33.35, which was also the day's high. A total of 68.32 lakhs shares changed hands on the BSE.