Ramco Systems Ltd has announced that its rights issue for Rs 123.35 crore would be opening on May 5, 2014 and would close on May 19. The issue size is 79,58,293 equity shares that a face value of Rs 10 each, with one equity share for every two fully paid up equity shares of Rs 10 each held as on the record date and the rights issue price Rs 155 per rights equity share. The premium per share is fixed at Rs 145 per equity share. The decision was taken in a meeting of the Rights Issue, 2013, Committee of the Board of Directors held on Wednesday.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app