• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

CHENNAI: California Software Company Ltd plans a 1:1 rights issue.

It will issue 49.21 lakh equity shares (face value of Rs 10 each) for cash at a price band of Rs 55 to Rs 66 per share, according to a company press release.

The rights issue is to meet the capital expenditure to expand offshore development centres and meet the additional working capital requirements to invest in existing subsidiaries.

It would also be used to acquire companies in specific domains to strengthen, expand, solution offerings to customers and meet the expense of the present issue, the release said.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

More Stories on : Rights Issue

Stories in this Section
`US citizens worried over outsourcing to India'

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line