Oudh Sugar Mills Rights Issue Record date fixed

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.

Oudh Sugar Mills Rights issue price can be payable in two installments; 50% issue price will be paid on application and balance will become payable after 3 months from the date of allotment.

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