Kay Power defers rights issue

K. S. Badri Narayanan Updated - November 22, 2011 at 11:49 AM.

Kay Power and Paper Ltd has informed the BSE that the board of directors of the company has decided to keep in abeyance the proposal for rights issue advised to the exchange on March 16, 2010, due to continuous unfavourable conditions. The stock jumped 4.75 per cent to Rs 9.70 on the BSE.

Published on November 22, 2011 06:18