Entries Tagged 'Rights Issue' ↓

Borax Morarji Rights issue has been announced by the board to the market in their board meeting held on 31st July 2009. The company has considered to go up with rights issue which are as follows.

Issue of Rights Equity Shares in the ratio of 1 (one) Equity Share of Rs 10/- at a premium of Rs 10/- per share for every existing share held as on record date together with 1 (one) Detachable Warrant for every 2 (two) Right Shares allotted which will entitle the holder of the Detachable Warrant, upon conversion, 1 (one) Equity Shares of Rs 10/- at a premium of Rs 10/- per share.

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Gujarat NRE Coke Rights Issue to be explored by the board has led the stock gain good momentum at the close of market trading. Gujarat NRE Coke Rights issue meeting will be held on 17th September 2008 to consider issuing new shares to the share holders on Rights basis.

Gujarat NRE Coke Rights Issue Ratio and Rights issue price will be known only after the board meeting on 17th September.

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Oudh Sugar Mills Rights issue Record date has been fixed by the company. In an announcement made to the stock exchanges the company has informed that the record date for reckoning the eligible shareholders who are entitled to apply for equity shares along with detachable warrants on rights basis is fixed as July 02, 2008.

Oudh Sugar Mills Rights issue ratio has been fixed at 22:100 (22 equity shares for every 100 equity shares of Rs 10 each for cash at a premium of Rs 50 a share). For every one equity share being allotted on rights basis, the allottee will also receive one detachable warrant.

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Future Polyesters Rights issue will be considered by the board members in their upcoming meeting to be held on May 30, 2008. Future Polyesters in an announcement made to the exchanges has informed that they are planning to consider and approve issue of equity shares on Rights basis to the existing share holders of the company.

More information of the Future Polyesters Rights issue will be known after the board meeting. Do check back for Future Polyesters Rights issue Record Date.

United Breweries  Rights Issue price has been fixed and announced by the company today to the exchanges. United Breweries earlier announced that the company will issue Rights Shares in the ratio of 1:9 (1 Rights share for 9 equity shares held) at the rate of Rs. 177 per equity share. United Breweries Rights issue Record Date has been fixed as April 21st , 2008. United Breweries is currently trading at Rs 189.15 on the BSE which indicates that the investors can buy the shares in the general market as there is no much difference in the rights  price and the secondary market price.

State Bank of India Rights Issue opened today for subscription and the bank has fixed 4th, February 2008 as the Record Date for the Rights issue. State Bank of India Rights issue will raise over Rs.16,736 crore from the eligible share holders and the Government of India. SBI Rights issue price has been fixed at Rs. 1590 per share and the Rights issue ratio will be 1:5 ( One Rights share for every 5 equity shares held). This is the first rights issue by SBI a public sector bank in India, in which the government of India holds 59.73 per cent and the retail investors hold 5.96 per cent. Through the rights issue retail investors can acquire additional shares at a price that is normally lower than the current market price.Shares of State Bank of India are currently trading at Rs 2,278 and investors can definitely invest in the rights issue of SBI as the bank is poised to deliver good numbers in the coming quarters. Do check back for more updates on SBI Rights Issue.

Dhanalakshmi Bank Rights Issue will be considered in the upcoming meeting of the company which is to be held on January 14, 2008. Dhanalakshmi Bank Rights issue Ratio and Price will be determined in the board meeting and the record date for the rights issue will also be finalised on the board meet.