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Nicholas Piramal's 1:10 rights issue

NEW DELHI: Nicholas Piramal India on Thursday said it has approved the share ratio of 1:10 for the rights issue. The committee of directors, in a meeting, has approved the share ratio for the rights issue as 1:10, that is, a rights equity share of Rs. 2 for every 10 equity shares of Rs. 2 each held by the shareholders in the company, the company informed the Bombay Stock Exchange.

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