ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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In the Capital Market

PREMIER AUTOMOBILES has come to the market with a 'rights' issue of 53,89,940 equity shares of Rs 10 each at a premium of Rs 7.50 per share and a simultaneous issue of 20 lakh 14 per cent secured redeemable non-convertible debentures of Rs 100 each. The issue opened on August 25 and is scheduled to close on September 26, 1988, The 'rights' shares are being offered to the existing shareholders of the company as on July 26, 1988 in the rate of 1 share for every 3 shares held, with fractions being ignored.

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