Bajaj Hindusthan has spurted 8% to Rs 43 after the stock turned ex-rights today. The board of directors of the company fixed September 22, 2011 as record date for the purpose of deciding the shareholders who are eligible to apply for equity shares on rights basis in the proposed issue on rights basis to the existing shareholders of the company.
The company's board on September 13 approved issues of shares on rights basis in the ratio of two new equity shares for every one existing equity share at Rs 36 per share. The rights issue would open on September 29 and would close on October 13, 2011.
The last date for receipt of request for split application forms is October 7.
A combined 3.31 million shares have changed hands on the counter till 1027 hours.
