Maskeliya Plantations PLC (MASK) announced a Rights Issue of one (1) new Ordinary Share for every one (1) Ordinary Share held at a consideration of Rs. 12.00 per share.
The proceeds from the Rights Issue will be utilized to meet working capital requirement, settle liabilities and also avoid additional the interest charges on obtaining new loans. The Rights Issue will be subjected to the shareholder approval at an Extraordinary General Meeting
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