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Shares of Zenotech Laboratories are set to turn ex-rights on Thursday. The company plans to raise about ₹120 crore from its shareholders by issuing 2.66 crore shares at a price of ₹45 a share. The entitlement ratio has been fixed at 17:22 (seventeen shares for every 22 shares held in the company). For investors who wish to participate in the rights issue, Wednesday is the last date to own the company’s shares, as Friday is the record date. The stock on Tuesday closed at ₹52.70 on the BSE.
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