Nicholas Piramal's Committee of Directors (Rights issue) has fixed the rights issue price at Rs 175 per share. According to a release issued by Nicholas Piramal to the BSE, the company would issue 1,90,01,600 equity shares of Rs 2 each at a premium of Rs 173 per share amounting to Rs 332.53 crore.The release further said that the rights issue would be in the ratio of 1:10 (one rights equity share for every 10 existing equity shares).
