Rights Issue
Neuland Laboratories Rights Issue
Neuland Laboratories gained on BSE, after the company’s board approved issue of shares on rights basis up to Rs 12 crore. The small-cap stock had underperformed the market over the past one month till 7 July 2011, declining 13.17% compared with the Sensex’s return of 3.15%. The scrip had also underperformed the market in past [...]
Atul Auto Rights Issue
Atul Auto Ltd has received final Observation Letter from SEBI for the proposed rights issue of 14,62,880 equity shares. It has started to work on observations of the letter and will file the final Letter of Offer for approval of SEBI.
Muthoot Capital Services Rights Issue
Muthoot Capital Services plans to raise as much as 487.5 million rupees through a one-for-one rights issue of 6.5 million shares. The company will offer shares at 65 rupees each. The offer price represents a discount of 49.5 percent to the stock’s closing price of 128.60 rupees on Thursday. Karvy Investor Services is the lead [...]
SRM Energy Rights Issue
SRM Energy is meeting on 07th July to declare Quarterly Results and 1.To amendment the object clause of the memorandum of association of the Company. 2.To change the borrowing limits. 3. To authorise for creation of charge on the assets of the Company. 4. To giving of loans/ guarantee(s), / or provide any security(ies) in [...]
Remidimcherla Power Rights Issue
Remidimcherla Power board will be meeting on 07th July 2010 to issue of shares on Rights Basis & to appoint a new Director of the company.
Avoid Suzlon Energy Rights Issue
Shareholders can refrain from applying to the rights offer made by Suzlon Energy, as the additional capital from the rights is unlikely to be earnings-accretive in the medium-term. The offer’s primary objective is to discharge certain loans availed of by the company from the promoter group. The rights offer, together with any FCCB conversion in [...]
Record Date – REO Agro Rights Issue – Today
REI Agro has fixed 08 June 2010 as the record date to determine eligibility of the equity shareholders who are eligible to apply for the equity shares under the proposed right issue of the company. Rights Issue of equity shares in the ratio of 2:1 of Re. 1/- each at a premium of Rs. 18.50.
