N share was trading @ 7 or 8 and rights were trading 6 - 6.50
conversion price war 6 rupees .
Instead of buying N @ 8, people were collecting lot of rights @ 6.50 without considering the 6 rupees they need to make it an N share.
There could be a different story with Waskaduwa if mandatory offer triggered or it could be a just another illusion created to rob money.
I feel people are getting ready to make a boom with rights next week.