Corporate News     28-Aug-12
Uttam Sugar Mills' board approves rights issue
On 28 August 2012
The board of Uttam Sugar Mills in its meeting on 28 August 2012 has approved the issue of 1,23,69,120 equity shares of face value of Rs 10 each to the existing equity share holders on rights basis in the ratio of 12 equity shares for every 25 equity shares held by the Shareholders on the book closure date.

The issue price of rights shares will be Rs 22 i.e. every equity share of Rs 10 each shall be issued at a premium of Rs 12.

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