Categories Observations Coastal Corporation: Rights, Wrongs & Lies Post author By Raoji Post date March 14, 2018 1 Comment on Coastal Corporation: Rights, Wrongs & Lies Something fishy about the company withdrawing its rights issue when the stock is hitting upper circuit at Rs.88.30 per share Share this:FacebookLinkedInTwitterWhatsAppEmail ← Linkfest: March 14, 2018 → Portfolio of Yusuffali M.A in India One reply on “Coastal Corporation: Rights, Wrongs & Lies” As per draft letter of offer, the rights issue was to raise Rs 4 Cr & it was in the ratio 1:1 …. So the rights price would be in the Rs 15-16 range ….. Stock is locked at yearly buyers circuit at Rs 88 ….. Where is the danger of such a windfall issue not being subscribed ? Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Notify me of follow-up comments by email. Notify me of new posts by email.