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Yash Trading & Finance announces withdrawal of rights issue

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Capital Market

On 22 Janaury 2015

Yash Trading & Finance announced that the Company has decided to withdraw/cancel/abandon the Rights issue on account of letter received from Directorate of Enforcement wherein investigation against the Company's promoter Pradeep Kumar Sethy has been initialed under Prevention of Money Laundering Act, 2002. The Company has opened the Rights issue of its 490,000 Equity shares of Rs. 10/- each in the ratio of 2:1, on 26 December 2014 and is to close on 23 January 2015.

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First Published: Jan 22 2015 | 5:07 PM IST

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