What to watch. Hatsun Agro: Rights issue opens on Wednesday

The ₹527-crore rights issue of Hatsun Agro Product will open on Wednesday. The company is offering partly paid-up shares on rights basis to eligible shareholders in the ratio of one partly paid-up share for every 16 fully paid-up shares held on June 1, 2018 - the record date. Hatsun proposes to issue 95.10 lakh partly paid-up shares at ₹555 a share. The issue closes on July 5. The objects of the issue include repayment of outstanding loans, including loans to YES Bank.