The board of directors meeting of the company held on February 17 decide to close its book on March 1, therefore, the shareholders registered in its book till February 26 (last day before book close) will be eligible to apply for the right share.
The company is issuing 10 percent right shares of its paid-up capital of Rs 2.31 billion. Accordingly, its will issue 2,310,000 units of shares to its existing shareholders.
After the right issue, its paid-up capital will reach Rs 2.541 billion.
