With reference to the earlier announcement dated July 23, 2013 regarding Outcome of Board Meeting dated July 23, 2013 - Rights Issue, Lok Housing & Constructions Ltd has now informed BSE that the 1st point of the aforesaid announcement should be read as follows:
- The Board has considered important terms and conditions of 'Rights Issue'. In-principle, the ratio of 'Rights Issue' is 1:2 i.e. one equity share will be issued for every two equity shares held by the Shareholder. The Board has authorized the Chairman & Managing Director to take all necessary decisions and actions in this matter.
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