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Shares of Ashima will turn ex-rights on Friday. That means, for those who wish to participate in the rights issue, Thursday will be the last date. The company is coming out with a rights issue of about eight crore shares of ₹10 each at par in the ratio of 24 equity shares for every 10 to the existing equity shareholders. As the shares are quoting at around ₹16, the stock will remain in focus. About 19,000 retail shareholders own 28.34 per cent stake in the company.
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