 "The company will issue 10 million fully paid equity share of face value of Rs 2 each")
Shares of Minda Industries gained as much as 7.12 per cent to Rs 300.65 on the BSE on Wednesday after the company fixed August 17 as the record date for its Rs 250 crore rights issue.
"The Board of Directors at its meeting held on August 11, 2020, has approved the issue of equity shares of face value of Rs 2 each of the Company, by way of a rights issue to the eligible shareholders of the Company for an amount aggregating up to Rs 250 crores. The entitlement rato is fixed as one equity share for every 27 held
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