A rights arb I recently concluded : –
Add-shop-retail issue :- The co. gave rights in 1:1 ratio for Rs. 54 whn mkt share price was 90. Now, the interesting part here is that promoters mentioned not to participate unless there’s undersubscripn. I applied and got extra shares in ratio of almost 1:10. Sold off arnd Rs. 71. So theoretically almost 170-20 = 50 rs. profit per lot.
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