I guess it's the right time for CALF to go for a rights issue. Cargills have turnaround the company into a profitable entity.
If CALF goes for a right issue it will be a good boost for the company's capital/profitablility..etc. (1 for 1 @ Rs.10/- per share)
When going through their financial reports I guess they should call a rights issue sooner or later besides there's 38Mn shares 76% hold by cargils Top 20 shareholders holds 96.49% of the issued capital