25 Aug 07 Avance Technologies Rights Issue

Avance Technologies Limited has informed the stock exchanges that the board of Avance Technologies, on its meeting held on Friday, August 24, 2007 approved the rights issue to the existing shareholders of Avance Technologies Ltd. In order to accomodate the increase in paid up capital after the rights issue, the board of Avance Technologies has also approved to inrease the authorised capital of Avance Technologies Limited.

25 Aug 07 Panoramic Universal Rights Issue

Panoramic Universal has informed the stock exchanges that the board of Panoramic Universal will meet on August 31, 2007 to discuss raising capital through a rights issue to the existing shareholders of Panoramic Universal. The rights issue is expected to raise about Rs. 65 crores which Panoramic Universal proposes to use for expansion of its business. More details about the rights issue will be available on August 31st.

21 Aug 07 Exide Industires Rights Issue

Exide Industires has informed the stock exchanges that the board of Exide Industires will meet on August 28, 2007 to consider raising capital through a rights issue. More details about the record date, the ratio of rights issue and the details regarding when the rights issue will open / close for subscription will be available on August 28th after the board meeting is over.

19 Aug 07 Catholic Syrian Bank Rights Issue

Catholic Syrian Bank is coming up with a rights issue to raise funds. Catholic Syrian Bank will be issuing over 1 crore fresh equity shares of face value Rs. 10 each at a premium of Rs. 110 in the ratio 1:1 (1 rights for every 1 share held) to existing shareholders of Catholic Syrian Bank. The rights issue opens for subscription on August 16 2007 and closes for subscription on August 29 2007.

13 Aug 07 Indian Hotels Rights Issue

Indian Hotels Company has informed the stock exchanges that the board of Indian Hotels Company have decided to make 2 rights issues to the shareholders of Indian Hotels. In the first rights issue, shareholders of Indian Hotels will be offered equity shares of Indian Hotels at a price of Rs. 70 per share. Indian Hotels expects to raise Rs. 844 crores through this rights issue. In the second rights issue, Indian Hotels will offer 4% unsecured convertible debentures having a maturity period of 5 years and with face value between Rs. 150 to Rs. 180 per debenture which would be convertible into equity shares of Indian Hotels after a period of 2 years at a conversion price in the range of Rs 150 to Rs 180. If the share price of Indian Hotels is above the conversion price, after 2 years, then investors can convert the debentures into equity shares of Indian Hotels. On the other hand if the market price of Indian Hotels is below the conversion price, at the time of conversion, then investors could choose to hold the debentures till maturity and get the 4% interest.

09 Aug 07 Shell Infotech Rights Issue

Shell Infotech Limited has informed the stock exchanges that the board of directors of Shell Infotech Ltd have approved the rights issue in the board meeting held today. Shell Infotech Ltd will issue rights shares to the shareholders of Shell Infotech Ltd in the ratio of 13 : 1 (13 rights for every 1 share held). The new shares will be of face value Rs. 10 each and will be issue at par. Shell Infotech Limited will use the funds raised from the rights issue for ongoing projects, expansion plans and as working capital. The authorised capital of Shell Infotech Limited will also be increased to accomodate the increase in the share capital of Shell Infotech Ltd persuant to the rights issue. The rights issue and the increase in authorised capital are pursuant to the approval from the shareholders of Shell Infotech Limited in the enusing AGM.

05 Aug 07 Market Creators Rights Issue

Market Creators has informed the stock exchanges that the Board of Directors of Market Creators has decided to re-submit the Draft Letter of Observation for the rights issue to raise capital by issuing 50 lakh fresh equity shares of face value Rs. 10 each in the ratio of 1 : 1 (1 rights for every 1 share held) to the existing shareholders of Market Creators. This was decided in the board meeting held on July 31, 2007.

19 May 07 Impex Ferro Tech Rights Issue

Impex Ferro Tech Limited has informed the Indian stock exchanges that the board of directors of Impex Ferro Tech Limited will meet on 28 May 2007 to consider the proposal of rights issue. More details on the rights issue, the ratio and the record date of the Impex Ferro Tech rights issue will be posted here as soon as they are available.

14 May 07 Jet Airways rights issue

Leading Indian private airline, Jet Airways plans for a $400 million rights share issue. Jet Airways will use the funds generated from the rights issue for expansion purposes and for starting a dedicated cargo service by the end of this year. This $400 million rights issue is expected to be completed successfully within the next four months. Jet Airways’ market share is a little over 30% at present. Air Sahara, which Jet Airways had aquired recently has a market share of about 8%. Jet Airways is now the market leader with a combined market share of a little less than 40%.

12 May 07 Nandan Exim rights issue

Nandan Exim has filed for a rights issue of 151830188 equity shares. Nandan Exim will announce the rights issue price soon. Nandan Exim will issue 15.18 crore rights shares to the existing shareholders of Nandan Exim as on the record date which will be announced by the board of Nandan Exim soon. Nandan Exim will raise Rs. 45.54 crores through this rights issue.

08 May 07 Bodal Chemicals Limited Rights Issue

GOI recognised Export House, Bodal Chemicals Limited, is coming out with a rights issue. Bodal Chemicals Limited will issue rights in the ratio of one rights for two shares of Bodal Chemicals held by the shareholders of Bodal Chemicals Limited as on the record date which will be fixed for the purpose of rights issue by Bodal Chemicals Limited. Bodal Chemicals Limited will issue rights shares at a price of Rs. 20 per share. Bodal Chemicals Limited will also issue detachable warrants in the same ratio of 1 : 2

Bodal Chemicals Limited Rights Issue Letter of Offer
For more information, read the Rights Issue Letter of Offer of Bodal Chemicals Limited.

05 May 07 Trent Record Date for Rights Issue

Trent Limited has informed the Indian stock exchanges that May 15, 2007 has been fixed as the Record Date for the purpose of payment of interim dividend. Trent Limited has also informed the Indian stock exchanges that May 15, 2007 has been fixed as the Record Date for determining the eligible shareholders for the Rights Issue of  Trent’s Equity Shares. The Ex date for both the dividend and the rights issue is 08 May, 2007. The rights issue of Trent will be issued in the ratio of 1 : 5 (1 rights for every 5 shares held). Trent has priced the rights issue at Rs.500 per share which is at a huge discount to trent limited’s current market price of Rs.730. Those shareholders who ignore the rights issue will stand to lose. Shareholders of Trent can sell the rights by renouncing them to others.

18 Apr 07 Dic India Limited goes for a rights issue

Dic India Limited has informed the Indian stock exchanges that the Board has approved a rights issue of up to 22,95,179 equity shares of Dic India Limited in the ratio of 1:3 (one rights share for every three shares held) within the price band of Rs.210 – Rs.230 per share, which includes a premium of Rs.200-220 per share, to the existing shareholders of  Dic India Limited whose names appear on the register of  shareholders or on the list of Depositories as beneficial owners at the end of business hours on the record date which would be fixed and announced at a later date, by the Board of directors for the right issue. The rights issue is subject to the approval of the shareholders of Dic India Limited in the ensuing AGM.