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GV Films plans rights
REUTERS
Chennai, May 2: GV Films Ltd is planning a rights equity offering in the ratio of one share for every share held, at a premium to be determined at a later date, the Madras Stock Exchange said on Tuesday. It said the firm aimed to make the rights issue in September."The amount of premium will be decided in consultation with merchant bankers depending upon the market conditions prevailing at the time of submitting the rights offer document to SEBI," the exchange quoted the firm as having said. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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