Moneycontrol
Jan 11, 2017 09:34 AM IST IST | Source: Moneycontrol.com

Hind Rectifiers surges 10%, to consider rights issue on Jan 15

The company's board meeting will be held on January 15, to consider in principle, the issue of equity shares of the face value of Rs 2 each on a right basis (rights issue) to the existing equity shareholders of the company.

Moneycontrol Bureau

Shares of Hind Rectifiers advanced 10 percent in the early trade on Wednesday as company is going to consider the right issue.

The company's board meeting will be held on January 15, to consider in principle, the issue of equity shares of the face value of Rs 2 each on a right basis (rights issue) to the existing equity shareholders of the company.

The company also consider the appointment of additional director (woman) and consider the appointment of Vandan Shah as additional director of the company in the said meeting.

At 09:19 hrs Hind Rectifiers was quoting at Rs 99, up Rs 9, or 10 percent on the BSE.

Posted by Rakesh Patil
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