HOEC fixes Rights Issue Price at Rs 117

Hindustan Oil Exploration Company Ltd (HOEC) has announced that the Rights Issue and Allotment Committee under the authority of the Board of Directors of the Company has fixed the issue price and entitlement ratio for the purpose of the ensuing Rights Issue.

The Issue Price is fixed at Rs 117/- per equity share (including Premium). The Rights Entitlement ratio is fixed at 2:3 (2 equity shares for every 3 equity shares held).

The Stock was trading at Rs.125.10, up by Rs.2.80 or 2.29%. The stock hit an intraday high of Rs.130 and low of Rs.120.10. The total traded quantity was 215660 compared to 2 week average of 290392.

Source : Equity Bulls

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