Comments
Shares of Canara Bank-promoted CanFin Homes will turn ex-rights on Friday. The housing finance major has priced the rights issue at ₹450 a share, a steep discount to the market price of ₹695.15. Shareholders will receive three equity shares for every 10 shares held as on record date, which is January 27. The net proceeds would be utilised to augment the company’s capital base. Those buying the shares on Friday will not be eligible to receive the rights shares.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.