Bonus/split is the right way to go for liquidity.
Every company does bonus/split for liquidity.
There are 8000 listed companies- I haven’t seen other companies doing such rights issue to increase liquidity. so, that’s a totally absurd reason.
your reasoning of not going for a bonus by sandur is very awkward and doesn’t make sense.
Also, suddenly, you have changed your answer on the reasoning of rights isssue.
We know that management got 1% extra shares worth 40 cr at throwaway prices.
also, iron ore mine lease will expire in 10 yrs.
the profits of iron ore mining will anyway suddenly vanish 10 yrs from now.
There are many other companies- GPIL, sarda energy- which are also excellent companies in same space.
I don’t see why sandur deserves such a favorable treatment after such a rights issue by the management.
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