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May 17, 2011, 01.07 PM IST | Source: Moneycontrol.com

Surana Corporation approves right issue in ratio 1:1

Surana Corporation has approved right issue in the ratio 1:1.

Surana Corporation Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on May 13, 2011, it has been decided to raise further capital by issue of Equity Shares on rights basis on a 1:1 basis. The Board has also constituted a Committee and delegated the necessary powers to the Committee to decide about the price,size, timing, basis of offer, premium and other modalities of the proposed rights issue.Source : BSE

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