Moneycontrol.com >> Messageboard >> Stocks >> Federal Bank >> rights issue below mp??

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i was jus going through the banks history and saw that rights issue was done at 240...whereas market price at tat time was 350....can anyone pls. explain the reason??

12.55 PM Oct 12th 2009 | Track

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This company is primarily engaged in the manufacturing and sales of footwear
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