Hi Ansh,
I still did not understand the objective of the rights issue. The amount raised was very small as issue price was Rs. 10 per share.
Other companies don’t go for such a rights issue where rights price is 98% less than main share price.
So, my question remains-
Why was the rights issue done in the first place?
They may be employee friendly- doesn’t automatically means- they are shareholder friendly.
Vice versa also applies- many companies may be shareholder friendly but not employee friendly.
The best example of the latter is Twitter (X) where 90% of workforce was fired and rest is made to work 120 hours a week.
| Subscribe To Our Free Newsletter |
