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Atul Auto rises on fixing record date for Rights Issue

SI Reporter / Mumbai 24 Aug 11 | 12:20 PM

Atul Auto has rallied 8% to Rs 108 in early noon deals in otherwise weak market, after the company fixed September 5 as the record date for its Rights issue.
 
“The company has fixed September 05, 2011 as the record date for finalising the list of shareholders who are entitled to receive rights entitlement under the proposed rights issue of shares in the ratio of 1 equity share for every 4 equity share held in the company," the company said in a filing to the stock exchanges.
 
Around 1,935 shares have changed hands on the counter till 1213 hours.

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