Public Transport: A new deposit of Rs 150 million for RHT Holding Ltd.

The project will be financed by equity of a subsidiary of the group, RHT Properties, supplemented by bank loans. The land identified for this project is an area of ??5 acres and already belongs to RHT Properties. The construction project should begin in January 2012 and end in December of that year.

RHT Holding Ltd has about 90 buses. With the expansion of the company, it feels cramped in its historic premises in the street Hugnin, Rose-Hill. RHT Holding Ltd was one of the first bus companies to innovate with the use of female labor as a receiver and equip its vehicles with location-based GPS technology.

Meanwhile, RHT Holdings announced its intention to increase its number of shares by five by taking a share split of its 2.4 million common shares to reach approximately 12.1 million shares. This will be January 3, 2012.

According to specialists stock, a company makes a share split usually when its share price is too high making them illiquid. The share price of HTR Holding Ltd is currently Rs 136 the stock market. With the share split that they will be worth Rs 27.20.

Often, but not a general rule, a share split before a rights issue to raise funds. It is actually easier for shareholders to acquire additional shares when the price is affordable. But nothing says that in the case of the RHT share split announced a possible rights issue.