What are rights issues and why do companies offer them?
https://www.ig.com/en/trading-strategies/what-are-rights-issues-and-why-do-companies-offer-them-230113
WebRights issues are an offer by a company to its shareholders to buy more of their stocks at a specific price by a stipulated deadline. To attract interest, these are usually at discounted rates to the normal share price. They are often used by companies with cash flow difficulties or in lean times, to raise capital and pay down debt.
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