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Shares of Universal Cables will remain in focus at the bourses, as its board of directors meets on Monday to consider and approve the terms of the proposed rights issue. These include issue price, entitlement ratio, and record date. Analysts will be keenly tracking the developments. Currently, a little over 10,000 individual shareholders, including HNIs, own 25.94 per cent stake in the company, while promoters hold 52.55 per cent stake.
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