Heritage Foods is also another which has done such Rights issue in recent past.
There are also cases where promoters are drawing high salary when compared to Net Profit.
Both above activities are wrong from management quality point of view. As Ayush Mittal Sir say, If they are taking high salaries, at least they are taking upfront. Atleast they are not siphoning of the money.
Such Right issue are also similar case. Atleast they are doing upfront.
As Investor we have to Live with it and be super Cautious by investing such companies. Such cases if are happening very often then its a Big red flag.
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