sure, this will be my last message here.
The management and even most astute investors know- that quite a few retail shareholders are sleeping shareholders- they don’t apply to rights issue etc due to lack of time or lack of knowledge.
The management knew this- and did the rights issue- knowing that some of the shareholders will not apply to rights issue.
18 crore raised was very small amount vs total annual profit of the company, and hence no real reason to do rights.
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