NACL Industries Ltd. the manufacturer and marketer of crop protection products, announced on Monday, December 8, that its board has approved raising a sum of ₹250 crore through a rights issue.

The company will be issuing up to 3.25 crore fully paid-up rights equity shares of face value of ₹1 each. Shares will be issued on a fully paid-up basis.

The rights issue price has been fixed as ₹76.7 per share, which is a discount of 56% to NACL Industries' closing price from last Friday.

Existing shareholders of NACL Industries will be entitled to receive five rights equity shares, for every 31 shares that they own as on the record date. Record date for the rights issue has been fixed as Friday, December 12.

This means, that those shareholders who have shares of NACL Industries in their demat a

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