Hindu Business Line - Mumbai

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Date: 25/03/2017 | Edition: Mumbai | Page: 11 | Source: Bureau | Clip size (cm): W: 13 H: 12

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Extracted Text data: Kingfa Science 778 return -10% 888 Minda Industries 432 return 14% 448 Kingfa Science rights issue opens on Monday The rights issue of Kingfa Sci-ence & Technology will open for subscription on Monday. The company is offering 19,99,893 shares to eligible shareholders at 1750 apiece. The entitlement ratio is 18 shares for every 91 fully paid-up shares held in the company as on March 10. Kingfa will use the funds to set up a new facil-ity at Chakan Industrial Area, Pune, upgrade the R&D facility at its Puducherry unit, and ex-pand the existing set-ups at Pu-ducherry and Manesar. Feb 21, 17 434 419 404 389 374 Mar 24, 17 Minda Industries: eyes QIP issue The fund-raising committee of Minda Industries on Friday ap-proved a qualified institu-tional placement of shares worth T500 crore. The com-mittee has fixed the floor price of the issue at t436.66 a share and may offer a discount of 5 per cent to institutional buy-ers. On Friday, the stock closed at t43230 on the BSE. The issue may close on Wednesday (March 29), Minda Industries said. Shareholders will closely monitor the response to the issue. Coal India 298 return -7% 335 325 315 305 295 285 Mar 24, 17 Feb 21, 17 Coal India, MindTree, Colgate mull dividend The board of Coal India will meet on Sunday (March 26) to consider payment of a second interim dividend for 2016-17. The company has fixed March 29 as record date to determine shareholders entitled to re-ceive the dividend. The board of MindTree will meet on Monday (March 27) to consider the declaration of interim di-vidend. Besides, the board of Colgate India will meet on Monday to declare a third in-terim dividend for fiscal end-ing 2017.