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Right Issues - NSE/BSE

A public company that wants to raise capital can opt for a Public Issue or a Rights Issue. Oftentimes they opt for latter, followed by former. In a rights issue, existing shareholders have the right to buy a specified number of new shares of the firm at a specified price within a specified time. Usually this price is below market price. The idea is to reward existing shareholders with an investment opportunity, which is perceived to be attractive.

Long-term investors can purchase additional shares in right issue at lower than current market price and hold the stocks.

From short-term investment prospective, one can sell the rights entitlement.

Alternatively, the rights may be allowed to lapse.

If a company is not in growth phase, rights issue tends to lower earnings per share and dividend yield. In such a scenario, offering rights (or public issue, for that matter) may not be a prudent course of action.

Company Name Premium Ratio Book Closures Date Ex Right Date Details
L G BALAKRISHNAN 0 31/Jan/2007 22/Jan/2007 Details?
LAK. AUTO CO (ME 10 23/Feb/1996 01/Feb/1996 Details?
LAK. PREC. SCREW 40 17/Sep/2005 12/Sep/2005 Details?
LAK. TRADE CRED. 0 20/Jan/1996 04/Jan/1996 Details?
LAK. VILAS BANK 40 24/Nov/2006 17/Nov/2006 Details?
LALBHAI FINANCE 5 24/Jan/1996 11/Jan/1996 Details?
LANCO INDS. 10 15/Jun/2000 22/May/2000 Details?
LARITE INDS. 0 02/Jul/1996 10/Jun/1996 Details?
LEE & NEE SOFT. 0 22/Mar/1996 Details?
LGB FORGE 1.75 21/Mar/2012 20/Mar/2012 Details?
LIGHT METAL-MERG 0 12/Sep/1995 14/Aug/1995 Details?
LIME CHEMICALS 30 22/Sep/1995 23/Oct/1995 Details?
LLOYD ELECTRIC 5 13/Mar/1996 19/Feb/1996 Details?
LLOYD STEEL INDS 18 31/Jan/1996 10/Jan/1996 Details?
LLOYDS FINANCE 0 24/Nov/1995 23/Oct/1995 Details?
LLOYDS METALS 140 13/Feb/1995 13/Jan/1995 Details?

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