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The rights issue of Ashima will open on Wednesday. It plans to raise ₹80.08 crore and has fixed the price per share at ₹10 (including premium). The entitlement ratio has been fixed at 24:10 - 24 shares for every 10 fully paid-up equity shares held by eligible shareholders on the record date (November 2). The rights issue will remain open till December 2. The proceeds would be used only to repay loans and not for any other corporate purposes.
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