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.
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