What is a rights issue?

A rights issue refers to a company’s bid to raise additional money from its existing shareholders rather than going public. In a rights issue, a company invites its shareholders to buy additional shares at a discounted price. The money raised through the rights issue can be used by a company to pare down debt or for capital expenditure.

Courtsey : Upstox (start Karke Dekho)

For more about Upstox - Read more....

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