Stocks

Krebs Biochemicals rights issue opens today

| Updated on February 26, 2019 Published on February 27, 2019

The ₹25-crore rights issue of Krebs Biochemicals & Industries will open for subscription on Wednesday and end on March 15. The company is offering 21 shares for every 100 held to its existing shareholders at ₹75 share. Krebs Biochemicals had set February 1 as the record date to identify eligible shareholders for the rights issue. The stock will remain in focus, as it closed at ₹87 on the NSE. At the end of December 2018, 4,706 small retail invesotrs hold 11.31 per cent stake.

Published on February 27, 2019
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