ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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TOMCO Issues Rights Shares

flationary pressures notwithstanding. Economic difficulties have begun to show themselves in increasing labour unrest. The stock market continues to present a gloomy look. Rarely, if ever at all, has the market found itself in such a helpless position. Never has activity sunk to a level when the vast majority of sotck- brokers find themselves unable to make both ends meet. The fortunes of the stock exchange community have continued to decline despite the tremendous growth of the corp- THE Tata Oil Mills Company proposes to issue fresh capital of Rs 91.06 lakhs. Of this 2,24,240 equity shares of Rs 25 each will be issued at par as rights shares to the existing shareholders in the ratio of two new shares for every five shares held and 35,000 9.3 per cent cumulative redeemable preference shares of Rs 100 each will be issued to the public by prospectus. The Company has received a no-objection certificate for these proposals from the Controller of Capital Issues. The new equity shares will rank for dividend that may be declared for the current year ending

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