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Returns of rights issue subscribers a mixed bag for investors since 2019
Rights issue is a mechanism available for listed firms to raise money by offering existing shareholders new equity shares
Tata Steel falls 2% after board approves fund raising through rights issue
The stock was down 2% to Rs 693 on the BSE in otherwise range-bound market on equity dilution concerns after the company's board approved to raise up to Rs 12,800 crore through rights issue.
