Promoter should be allowed to apply only as per his holding and not allowed to subscribe to unsubscribed portion Any way rights issue of 24 crore is a joke
How can I apply for additional shares. Supposing I hold 100 RE, can I apply for 200 while submitting application through ASBA or is there a separate process for getting additional shares ?
recently came across an article where promoter made hugh money from such right issue..
so maybe we can see the same here too...
SEBI should not allow such Right Issue.. or should not allow participation of Promoter at such price.. only for public it should be...