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Hatsun Agro's Rs 527-cr rights issue to open on Jun 14

Press Trust of India  |  New Delhi 

maker Hatsun today said its rights issue worth up to Rs 527.83 crore will open on June 14 and close on July 5.

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 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 today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 08 2018. 20:05 IST