What to watch. Crest Ventures to turn ex-right on Wednesday

Shares of Crest Ventures will remain in focus on Wednesday, as the stock turns ex-date for the proposed rights issue on Thursday. Those who wish to participate in the rights issue need to buy the company’s shares by Wednesday, as it has fixed September 16 as the record date. The company is offering shares on rights basis to existing shareholders in the ratio of 1:2 (one share for every two held) at ₹50 a share. The company plans to raise ₹50 crore through the issue.