05 Jul 08 Ramco Systems Rights Issue Details

Ramco Systems Rights Issue will be discussed by the board of directors in the meeting that is scheduled to be held on the 10th of July. With inflation spiralling towards the 12% mark and the uncertainty over the political climate in the country, the Indian stock markets are hitting new lows every successive week. Now that the follow-on public issue (FPO) route seems to be closed to companies because of the prevailing bearish market sentiments, more and more companies are taking the rights issue route to raise capital. Ramco Systems is the third company that has announced intentions of going in for a rights issue this month.

19 Jun 08 Oudh Sugar Mills Rights issue Record date

Oudh Sugar Mills has informed the stock exchanges that it has fixed the Record date for the purpose of determining the eligible shareholders for the company’s rights issue. Oudh Sugar Mills Rights issue Record date has been fixed as July 02, 2008. Oudh Sugar Mills Rights issue ratio has been fixed as 11:50, which means shareholders of Oudh Sugar Mills holding shares as on the record date for the rights issue will be allotted 11 rights warrants for every 50 shares that they hold in the company.

12 Jun 08 Century Extrusions Rights Issue Subscription Details

Century Extrusions has announced the right issue subscription opening and closing dates. The announcement was made by the board of Century Extrusions earlier this week. Century Extrusions Rights Issue opened for subscription yesterday, June 11, 2008. The rights issue will remain open for a period of 1 month. The closing date for subscribing to the rights issue is July 10, 2008. The rights issue allotment price had earlier been fixed and announced by the company.

23 May 08 Futura Polyesters Rights Issue Proposed

Futura Polyesters has informed the stock exchanges that a rights issue is likely to be considered by the board of the company during their meeting on the 30th of this month. The rights issue ratio and the effective date or record date for the rights issue will be made known as soon as the meeting is over. The same will be update here in this blog.

14 Jan 08 SBI Rights Issue Record Date fixed

SBI has fixed the record date for its rights issue. SBI Rights Issue Record Date has been fixed as Monday, February 04, 2008. SBI Rights Issue Price will be updated here shortly. Shareholders of State Bank of India who’s names appear on the company’s register of shareholders on the record date, will get the rights issue. More details on the SBI Rights Issue will be updated here shortly.

06 Jan 08 Dhanalakshmi Bank Rights Issue proposed

Dhanalakshmi Bank Rights Issue proposal will be considered by the board of Dhanalakshmi Bank in the forthcoming board meeting which is scheduled to be held on Monday, January 14, 2008. Dhanalakshmi Bank Rights Issue date and Dhanalakshmi Bank Rights Issue ratio will be available after the board meeting for the rights issue is over. Dhanalakshmi Bank Rights Issue price and the record date for the rights issue will also be fixed by the board in the same board meeting. Do check back on 14th evening to know these details.

24 Dec 07 Manjushree Extrusions Rights Issue Subscription Details

Manjushree Extrusions Rights Issue opens for subscription on Monday, January 07, 2008 and will close for subscription on Wednesday, February 06, 2008. Through the rights issue Manjushree Extrusions Limited will raise a little over 12.5 crores in capital. Manjushree Extrusions Rights Issue price has been fixed at Rs. 30 per share. Of this Rs. 10 will go towards paid up capital and the remaining Rs. 20 will go into the share premium account of Manjushree Extrusions Limited. For more details on the Manjushree Extrusions Rights Issue including the Manjushree Extrusions Rights Issue Record date, do check this space frequently.

17 Dec 07 Century Extrusions Rights Issue gets approval

Century Extrusions Rights Issue, which would help the company raise 35.5 crores, has been approved by the B0D of Century Extrusions Limited. Century Extrusions Rights Issue ratio has been fixed as 33:47 (33 rights for every 47 shares held in the company). Century Extrusions Limited is one of India’s top producer of Aluminium Extrusions. Century Extrusions Rights Issue record date is yet to be fixed and the same will be updated here as soon as it has been announced by the company.

13 Dec 07 Gangotri Iron Rights Issue and Entegra Rights Issue

There were corporate announcements made regarding two rights issues today ie. Gangotri Iron Rights Issue and Entegra Rights Issue. Entegra Limited hit the upper circuit and was locked in the upper circuit for most part of the days because of an announcement made by the company stating that the board of Entegra Limited will meet on December 19, 2007 to consider a rights issue to the shareholders of the company. More details about the Entegra Rights Issue including the record date for the rights issue and the rights issue price will be updated here soon. Gangotri Iron Rights Issue has received the approval from the board of directors of Gangotri Iron & Steel Company Limited in the board meeting held today. Gangotri Iron Rights Issue is now awaiting approval from the shareholders in the forthcoming EGM of Gangotri Iron & Steel Company Limited. More details about the Gangotri Iron Rights Issue including the record date for the rights issue and the rights issue price will be updated here soon.

13 Dec 07 Record Date for UB Engineering Rights Issue fixed

The Record Date for UB Engineering Rights Issue has been fixed. In an announcement made to the stock exchanges, UB Engineering Rights Issue record date has been fixed as Wednesday December 26, 2007. UB Engineering Rights issue ratio was fixed as 5:13 (5 rights for every 13 shares). The rights will be given to shareholders who hold shares in UB Engineering on the record date ie. December 26, 2007. UB Engineering Rights Issue price has been fixed as Rs. 126. which is a discount of about Rs. 30 per share to the current market price of UB Engineering.

08 Dec 07 Sadhana Nitro Rights Issue Approved

Sadhana Nitro Rights Issue has been approved by the board of Sadhana Nitro Limited. This was informed by means of an anoouncement made by Sadhana Nitro to the stock exchanges. The ratio of the rights issue has been fixed as 7:2 (7 rights for every 2 equity shares held). Sadhana Nitro Rights Issue record date has not yet been announced. The record date will be updated here as soon as it has been announced.

04 Dec 07 Record date for Nandan Exim Rights Issue fixed

Nandan Exim Limited has informed the stock exchanges that the record date for the rights issue has been fixed. Nandan Exim Rights Issue record date has been fixed as Wednesday, December 19, 2007. The Nandan Exim Right Issue Ratio has been fixed at 1:2 (1 rights for every 2 shares held). It is recommended that investors participate in the rights issue so that their stake does not get diluted after the rights issue is over. Shareholders can also renounce their rights for a cash consideration.

30 Nov 07 SBI Rights Issue approved by the Cabinet

The SBI Rights Issue was approved by the Cabinet today. SBI is India’s largest PSU bank. While many banks raised capital to meet the strong credit demand, SBI had its hands tied because of lack of government and regulatory approvals for raising capital. The approval of the rights issue is a major boost for SBI. This was seen in the surge of share prices of SBI today as soon as the news of the rights issue approval hit the market during trading hours today. SBI Rights Issue ratio and SBI Rights Issue record date will be updated here as soon as they are announced.

26 Nov 07 Sadhana Nitrochem Rights Issue

Sadhana Nitrochem has informed the stock exchanges that the board of Sadhana Nitrochem will consider raising capital through a rights issue. More details about the Sadhana Nitrochem Rights Issue such as the rights issue ratio, rights issue price and the record date for the rights issue will be known after the board meeting on December 07, 2007 is over. The board will also consider increasing the authorised capital in order to accomodate the increase in the paid up capital of the company post rights issue.

23 Nov 07 Khaitan Weaving Rights Issue Record Date fixed

Khaitan Weaving Mills has informed the stock exchanges that the board of Khaitan Weaving has fixed the record date for the rights issue. Khaitan Weaving Rights Issue Record Date has been fixed as December 14, 2007. Shareholders of Khaitan Weaving Mills Limited who hold the shares as on the record date will be eligible for the rights issue in the ratio of 6:1 (6 rights for every 1 share held).