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Shares of IL&FS Transportation Networks will remain in focus on Tuesday, which is the last day for investors to participate in the proposed ₹750-crore rights issue. The company proposes to issue 8.22 crore equity shares on rights basis at an issue price of ₹90 apiece. The entitlement ratio is 1:3 - one equity share to be issued on rights basis for every three shares held as on record date, which is October 8. The stock will turn ex-rights on Wednesday.
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