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Kingfa Science & Technology (India) has fixed March 10 as the record date for the rights issue. The stock will turn ex-rights on Thursday. For investors who want to participate in the rights issue, Wednesday will be the cut-off date. The company will issue 18 equity shares on rights basis for ₹740 a share for every 91 shares held in the company. Currently, promoters hold 74.99 per cent stake in the company while 8,049 retail investors own 13.38 per cent stake.
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