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Shares of Max Ventures and Industries will turn ex-rights on Thursday. The company, which plans to raise ₹449.89 crore, has fixed the issue price at ₹61. The rights entitlement ratio is 67 rights shares for every 66 fully paid-up shares held by eligible shareholders as on the record date - June 22. Investors wishing to participate in the proposed rights issue have to buy Max Ventures shares by Wednesday. The funds mopped up will be utilised for business purposes.
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