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.
1 comment so far ↓
I’ve not received Rights Issue Application. I hold shares of HOEC.
From where I can get the application form?
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