The rights issue of Kolkata-based Jayshree Chemicals Ltd will open on February 26, 2010 and close on March 18, 2010, the company said in a regulatory filing.
The company is planning to raise Rs 36 crore from the market through this issue by issuing of 2.40 crore of equity shares of Rs 10 each for cash at a price of Rs 15 each including a premium of Rs 5 per equity share.
The share will be allotted to the equity shareholders of Jayshree Chemicals Ltd on rights basis in the ratio of 9 equity shares for every 2 equity shares held on record date of February 18, 2010.