The flagship company of the Aditya Birla group had set the price for the rights issue at Rs 1,812 per share, with shareholders entitled to six rights equity shares for every 179 that they held in the company as on January 10.
Cochin Shipyard has declared sub-division of existing 1 equity share of face value of ₹10 each fully paid up into 2 equity shares of face value of ₹5 each fully paid up
Grasim Industries Ltd it will issue shares on rights basis at Rs 1,812 per share. It will issue 2,20,73,935 equity shares. Unit-holders will get 6 rights shares for every 179 fully paid-up equity shares of the company held by them, as on the record date.
Grasim Industries will issue 2.21 crore shares on a partly-paid up basis, with the face value of each share at Rs 2, and a premium of Rs 1,810 rupees per share, the company said in an exchange filing.
The record will be determined in due course and informed soon. Further, the Board or a constituted committee of the Board will decide all other terms and conditions of the rights issue, including but not limited to the issue price, rights entitlement ratio, record date, timing, terms of payment.