India's Emerald Leasing Finance and Investment Co. Ltd. will issue 5,998,650 equity shares in a rights issue to raise 59.99 million rupees.
The company will issue the shares to existing shareholders at a ratio of 197 shares for every 100 shares held, according to a Dec. 19 document. The issue price is 10 rupees per share.
The issue opens Dec. 31 and closes Jan. 21, 2019.
Emerald Leasing Finance is a non-banking financial company registered with the Reserve Bank of India.
As of Dec. 19, US$1 was equivalent to 70.28 Indian rupees.