Dhampur lines up 4:13 rights

 The offer is aimed at partial financing of a debt restructuring scheme.

 The plan is to issue 80.98 lakh paid-up equity shares of Rs 10 each at par. The rights shares will be listed on the Bombay Stock Exchange and the National Stock Exchange.

 The company, in its draft letter of offer, says the proceeds of the offer of Rs 8.09 crore will primarily be for meeting the working capital requirement of the struggling company and thereby to enable the firm to improve its net worth.

 Dhampur Sugar has been incurring losses for the past five years. The accumulated losses pulled down the company