Chemplast Sanmar plans 2:3 rights share issue

ET Bureau

MUMBAI: Chemplast Sanmar Ltd has approved the issue of equity shares on rights basis in the ratio of 2 shares of Re 1 each for every 3 existing shares at an issue price of Rs 5 per share.

The total number of equity shares that will be issued on rights basis will be 31,98,79,627 shares and the total issue proceeds would be Rs 159.94 crores.

The record date will be fixed in accordance with the SEBI (Disclosure and Investor Protection) Guidelines, 2000.