Entries Tagged 'Rights Issue' ↓

Gangotri Iron & Steel Company Rights issue has been approved, the board of directors at their meeting held on 13th December, 2007, decided to raise more funds by issue of equity shares on rights basis for an amount of Rs 150 million. EGM of share holders will be held on January 11, 2008 to take the aproval of the share holders. Gangotri Iron Rights issue date, offer details and premium will be decided soon.

Entegra Rights issue news made the stock to hit upper circuit of 5 percent , in the morning trade the stock has touched 52 week high of Rs. 69.70 locked at upper circuit and cooled off now to trade at Rs. 68.50. The Board meeting of Entegra limited will be held on 19th , December 2007 to consider the Right issue and take on the financial results of the company. More information regarding the Entegra Rights issue will be known after the board meeting, do check back for more updates on Entegra Rights issue.

UB Engineering Rights issue Record date has been fixed by the company, in an annoucement made to the stock exchanges, the company has informed that the board has fixed 26th December, 2007 as the record date for the Rights issue. It is known that the company has previously announced Rights in the ratio fo 5:13 ( 5 new rights share for every 13 equity shares held) at an issue price of Rs. 126 per share. UB Engineering Rights issue closes on 26th and the currently the stock price is trading at Rs. 156.45.

Sanguine Media Rights issue has been approved by the board members, the company in an annoucement made to the stock exchanges has informed that in the board meeting of the company held on 10th December, 2007 the members have approved the Rights issue to raise an estimated Rs 30 crore. Sanguine Media Shares flared up 7 per cent to close at Rs. 32.30 on the BSE. Sanguine Media Rights issue price is not yet annouced by the company, do visit us for more updates on Rights issue Record date in Sanguine Media Limited.

Nandan Exim Limited Rights issue Record date has been fixed. In an annoucement made to the stock exchanges, the company has informed that the board has fixed the Record date for the rights issue as 19th December, 2007. It is previously known that the ratio for the rights issue is fixed as 1:2. Investors who would like to purchase the rights shares will get 1 new rights share for every 2 shares held by them in the company.

Proposed SBI Rights issue got the cabinet nod for an esitmated 16000 crore for rights issue. SBI is leading Public sector bank of India and the bank likes to raise funds for meeting the strong credit demand. SBI has been waiting for this approval from long term to raise funds and the cabinets nod to the issue is a major boost to the banks expansion plans. Ratio of SBI Rights issue and the SBI Rights issue record date will be announced later after the meeting of the board. More updates regarding the State Bank of India Rights issue will be updated here.

Hindustan Oil Exploration Company, HOEC moves up smartly today based on the nearing Rights issue record date. Previously the company has annouced Book closure dates from 22 Nov, 2007 to 03 Dec, 2007 for determining the eligible share holders for the purpose of Rights issue.

HOEC Rights issue opens from 7th December and plans to raise 615 crore from the Rights Issue with  price fixed as  Rs 117 per share  and ratio of rights allotment is 2:3 (2 new rights shares alloted for every 3 equity shares held by the members).

Stock price of  Hindustan Oil Exploration Company is currently trading at Rs 126.65, up 15.96 per cent on the NSE.