Josts Engineering to turn ex-rights

Shares of Josts Engineering Company will remain in focus, as they turn ex-rights on Tuesday. Investors who wish to participate in the rights offer need to buy the company’s shares by Monday. Josts Engineering will issue 22 equity shares of ₹10 each on rights basis at ₹594 a share for every 100 equity shares held in the company. The stock is currently trading at around ₹1,090 on the BSE. The issue opens on November 30 and closes on December 14.