National Oxygen has informed that the board of directors of the company at its meeting held on June 14, 2012, has approved the final letter of offer for the purpose of rights issue and authorization was given to the board of directors for opening of bank account for rights issue, to decide the opening and closing of the rights issue and signing of the listing application.
Further, 20 fixed the price at Rs. 50 (Face value Rs. 10 and Premium at Rs. 40) for issue of 18,69,930 number of equity shares on rights issue in the ratio of 3:5 i.e. three equity shares for every five equity shares held.
The above information is a part of company's filings submitted to BSE.
