The stock exchange adjusted the stock price at Rs 651 with an average base price of Rs 992.50.
Global IME Laghubitta closed its book on July 17 for the 100 percent right issue, thus the shareholders registered in its book till July 16 are eligible to apply for the right issue.
The company is issuing 1,104,575 units of right shares to its existing shareholders. After the right issue, the paid-up capital of the company will reach Rs 220.91 million.
The 6th AGM of the company held on November 15, 2018 endorsed a proposal of issuing the right issue.
