What is rights issue in share market? Logistics major NECC to raise additional funds from public offer
1 year, 5 months ago

What is rights issue in share market? Logistics major NECC to raise additional funds from public offer

India TV News  

A rights issue is a kind of corporate action. When a rights issue is announced by a listed company, then it grants its existing shareholders the right to buy additional shares at a discount. A rights issue is an invitation to existing shareholders to purchase additional new shares in the company. Recently, transport and logistics firm North Eastern Carrying Corporation has announced rights issue of equity shares. According to an exchange filing, it will raise funds via rights issue.

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Rights issue: Small cap engineering major to raise additional funds amid rise in manufacturing activities
1 year, 4 months ago

Rights issue: Small cap engineering major to raise additional funds amid rise in manufacturing activities

India TV News  

Infrastructural and structural steel manufacturer GG Engineering has announced the rights issue of equity share. Notably, the manufacturing sector activities in India moderated in June from a 31-month high in May, but output remained in the growth territory, as new work orders expanded sharply amid favourable demand conditions. Despite the fall, the manufacturing sector saw a considerable improvement in operating …

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