The promotor Sold nearly 11% of shares and its Rights in the market and applied rights more than his share percentage. Even though it is fully subscribed only 30 to 40 % participated in the rights that means if applied for triple the quantity the possible of getting all is high. So the promotor i assume without liquidation sold part of his shares and participated in rights and gained most . Fair or unfair it is permissible with in rule book and all 25 cr of rights money going to invest in new oil production unit hence good future on the cards.
Disc: Holding good quantities and my views may be baised
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