April 27: Garima Bikas Bank has floated its right issue from today. The bank is floating 9,076,296.66 units of right shares at the ratio of 10:7 with a face value of Rs 100 at par to its existing shareholders. The issue will close on May 31.
The shareholders registered in the book by April 11 can apply for the right shares. The bank has appointed Ace Capital Ltd as its issue manager.
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