Century Extrusions rights issue

Coimbatore: Century Extrusions Ltd has said that the board of directors of the company has approved rights issue of shares to part finance the cost of expansion (enhancement of capacity for manufacture of aluminium extrusions from 7,500 TPA to 15,000 TPA, estimated project cost - Rs 34.5 core) and diversification (setting up facility for manufacture of 6,000-TPA power transmission and distribution line hardware - estimated project cost Rs 1 crore) projects.

The rights issue will be 3.3 crore equity shares of face value of Re 1 each at a price of Rs 4 per equity share (including a premium of Rs 3 per equity share) in the ratio of 33:47 (33 new shares for every 47 shares held) as on record date to be fixed in due course.