Shiva Suitings is making a 'rights' issue of 6.25 lakh equity shares of Rs 10 each and one lakh 14 per cent secured convertible debentures of Rs 200 each, both at par to meet a part of the finance required for its expansion and diversification project esti-mated to cost Rs 370 lakh. The company is doubling its processing capacity to 240 lakh metres per annum and also setting up a yarn/fibre dyeing plant with a capacity of 360 tonnes per annum.