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The board of directors of Bharat Gears is scheduled to meet on Friday to consider the entitlement ratio, the price for the equity shares of the rights issue, and to fix the record date to identity the shareholders eligible to participate in the rights issue. The company, in October 2018, had approved the rights issue of equity shares of up to ₹15 crore to its existing shareholders. Investors would be keen to know the price of the issue as well as the ratio, besides of course, its timing.
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