Ramco Systems rights issue in focus

Shares of Ramco Systems are likely to attract market attention this week as its ₹125-crore rights issue closed on Monday. The company, which fixed the issue price at ₹155, will disclose the details of subscription shortly. Ramco Systems may consider extending the issue period if it fails to get adequate response. According to BSE data (till 5 p.m. on Monday), the company has received only bids for 28.08 lakh shares as against an offer for 79.58 lakh shares.