Tisco, Indian Rayon record jump in dematerialisation of shares
Tisco and Indian Rayon lead the pack of companies which have seen a surge in dematerialisation of their shares. In the last week alone Tisco has seen 5.4% of its total shares dematerialised while Indian Rayon has witnessed dematerialisation of 4.11% of its total shares.
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Promoters to see Majestic Auto's Rs 13.1-crore rights issue
The promoters of Majestic Auto are prepared to go to the extent of picking up the entire rights issue amount of Rs 13.1 crore in the event of undersubscription. The issue is likely to face investor resistance considering that the offer price of Rs 40 is much higher than the current market price of Rs 27.
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