LGB Forge: All eyes on the rights issue

The board of directors of LGB Forge will meet on Monday to consider rights issue size, fix the price and decide on the entitlement ratio for the eligible shareholders. The board will also consider fixing the record date to identify eligible shareholders for the rights issue. It may be recalled that in April, the board had approved raising of funds up to ₹28 crore by way of a rights issue. Shareholders of LGB Forge will closely monitor the quantum of funds and the purpose of fund raising.