The rights issue committee of the board on June 6 approved the letter of offer and fixed the date, the company said in a regulatory filing.
The issue will comprise of "95,10,519 partly paid up equity shares of face value of Rs 1 of Hatsun Agro Product for cash at a price of Rs 555 per equity share for an amount aggregating up to Rs 527.83 crore."
The shares will be issued on a rights basis in the ratio of 1 rights equity shares for every 16 fully-paid up equity shares held as on record date of June 1, 2018, the filing added.
Shares of the company fell by 0.47 per cent to close at Rs 714.50 apiece on the BSE today.
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