Khaitan Weaving Rights Issue to open on 28th Dec 2007

Khaitan Weaving Mills Rights issue has been approved by the board at their meeting held yesterday and the members have fixed the Record date for the rights issue as 14th December, 2007. In an annoucment made to the stock exchanges previously the company has informed that the Right issue ratio is 6:1 ( 6 rights shares for every one equity share held by the share holders) and the Rights issue will open on 28th Dec, 2007 and will close on 28th Jan, 2008. 44,10,000 Equity shares of Rs 10/- each for cash at par will be issued under the issue.

Stock Prices of Khaitan Weaving Mills closed at Rs. 293.44 up 4.99% on the BSE.

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