Neuland Laboratories announces rights issue of equity shares

Rights entitlement ratio is 4:25

Neuland Laboratories announced that the company has proposed the issue of 12,25,276 equity shares on rights basis to its existing equity shareholders at an issue price of Rs 204 per share aggregating to Rs 24.99 crore. The rights entitlement ratio is 4:25 (4 Equity Shares for 25 Equity Shares held by the shareholders as on the record date).

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