Sorry to disagree with you. Can not agree that rights issue was not ethical. Sleeping share holders are to be blamed and not promoters. That is true for all companies. As regards purpose and use, please go through the details. Also low price of rights issue may be as a reward to shareholders. Actually it was a God send opportunity to take advantage. If you were invested then you should have applied many times of your entitlement. It appears to be a case of sour grapes.
But I agree that GPIL is much cheaper.
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