Lime Chemicals Rights Issue Proposed

Lime Chemicals Rights issue is to be considered by the board members in their upcoming meeting which is to be held on December. 26, 2007. Lime Chemicals is a small chemical manufacturing company with sales of Rs 13 crore,the company has reported Rs 5 crore as losses for the last quarter. Lime Chemicals Rights issue price and record date would be decided later after the board meeting. Stock prices of Lime Chemicals Limited closed at Rs. 17.2 on the BSE. More information regarding the Lime Chemicals Rights issue will be updated after the board meeting.