Kingfa Science & Tech to turn ex-rights

| Updated on January 13, 2018 Published on March 07, 2017

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.

Published on March 07, 2017
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