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.
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.
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.
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.
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).
Godrej Consumer Products Limited has informed the stock exchanges that the Godrej Consumer board will consider raising capital through a rights issue. Godrej Consumer Rights Issue will be discussed during the board meeting on November 23, 2007. More details about the Godrej Consumer Rights Issue including the number of shares offered in the rights issue, issue price and ratio of the rights issue will be announced by Godrej Consumer Products Limited after the board meeting is over on November 23, 2007.
Hindustan Oil Exploration Company (HOEC) has informed the stock exchanges that the board of directors of the company have fixed the book closure dates for the purpose of the rights issue. The Register of Members of HOEC will remain closed from November 22, 2007 to December 03, 2007 for the purpose of determining the shareholders eligible for the HOEC rights issue.
Federal Bank has fixed the rights issue price. The Federal Bank rights issue price has been fixed at Rs. 250 per equity share of face value Rs. 10 each. Of this amount, Rs. 10 will go towards the paid up equity capital of the company and the balance Rs. 240 will go towards premium. There was heavy trading in the Federal Bank counter today. Volume of shares transacted almost touched 2 lakh shares as agains an average of little over 25000 in the past two weeks. The record date for the Federal Bank rights issue has not yet been anoounced.
Thomas Cook today informed the stock exchanges that the board of Thomas Cook India Limited has decided to postpone the proposed rights issue. The board while discussing the proposed rights issue which was expected to raise Rs. 2.25 billion said that nothing has changed with respect to its plans except the time schedule. It is not clearly known why the board has deferred the rights issue proposal.
The board of Maral Overseas Limited will meet on Thursday, October 30, 2007 to consider the ratio for the proposed rights issue. The board is also likely to fix the record date for the right issue in the same meeting. Apart from this the board of Maral Overseas Limited will approve the quarterly results of the company. More details about the Record Date and ratio of Maral Overseas Rights Issue will be updated here as soon as they are announced.