Financial services firm Cholamandalam DBS today said it will raise up to Rs 200 crore through a rights issue.The company's board of directors approved issue of 1.42 crore equity shares with detachable warrants in the ratio of three new shares for every eight held, Cholamandalam DBS informed the Bombay Stock Exchange (BSE).
The shares would be issued at Rs 140 each and one detachable warrant would be issued with every rights share allotted to the shareholders, it said.The maximum cap price on warrants to be converted into equity shares would be Rs 275 per share. The record date for the issue has been fixed as September 18.
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