HOEC 1:3 rights at Rs 76/shr

The rights issue and allotment committee of the board of directors of Hindustan Oil Exploration Company (HOEC) has fixed a price of Rs 76 per share, including premium, for the proposed rights issue.

According to a release issued by the company to the BSE today, the shareholders are entitled to the rights issue in the ratio of 1:3 i.e one rights share for every three shares held.