Ramco Systems changes rights issue terms

CHENNAI: Ramco Systems has informed the bourses that it had effected a change in its proposed rights issue ratio and the premium. The shares will be issued at a premium of Rs. 75 per share of Rs. 10 each instead of a premium of Rs. 65 per share fixed earlier and the ratio will be one share for every equity share held instead of three shares for every two held announced earlier. The company also proposes to issue detachable