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Orient Paper & Industries to raise Rs 50 cr via rights issue

Press Trust of India  |  New Delhi 

C K Birla Group firm and Industries Ltd today said that it would raised Rs 49.75 crore through rights issue.

The board of the company, in its meeting today approved to issues 7.31 lakh equity having a face of Re one at a price of Rs 68.

"The rights issues committee of the company, in its meeting held today has approved allotment of 7,316,742 equity of face value Re 1 each at a price of Rs 68 per equity share," the company said in filing.

After the fresh issue, the paid up share capital of the company has increased to Rs 2,121.86 crore.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 17 2017. 18:07 IST