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.

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Reader's Comments

1. Dinesh Shetty | 16 Dec 2007 8:06 am

   Hi,

   How does a rights issue help an investor who has invested in that stock. What would be a correct price to purchase a right issue? What other factors should be looked at while purchasing a rights issues??

   Thanks
   Dinesh Shetty

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