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The board of Hatsun Agro Product has approved the terms of the rights issue of partly paid-up equity shares. Accordingly, the partly paid-up shares are offered on rights basis to eligible equity shareholders in the ratio of one partly paid-up equity share for every 16 fully paid-up equity shares held on June 1, 2018, the record date. The company proposes to issue 95.10 lakh partly paid-up shares through the rights issue at ₹555 a share. Shares of Hatsun Agro slumped 5.9 per cent at ₹745.60 on the BSE.
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