 "IP Rings zooms 20% as board approves rights issue")
IP Rings is locked in upper circuit of 20% at Rs 240, also its record high on the BSE, after its board approved rights issue in the ratio of 4:5 at offer price of Rs 88.75 per share.
IP Rings announced that at the meeting of the board of directors of the company held on Wednesday, January 4, 2017 it has been decided to issue equity shares on rights basis in the ratio of 4:5 i.e. four rights equity shares for every five shares held on a record date at a price of Rs 88.75 per share including the
IP Rings announced that at the meeting of the board of directors of the company held on Wednesday, January 4, 2017 it has been decided to issue equity shares on rights basis in the ratio of 4:5 i.e. four rights equity shares for every five shares held on a record date at a price of Rs 88.75 per share including the
