Today Guardian Capital Partners PLC (earlier Known as Watapota Investment PLC) faces a huge downwards of the share prices. Its reduce Rs.1400.00 to Rs.196.00. this indicated as 83.15% of Price reduction (Rs.1164.10) from the opening price.
The reason for the Price reduction is, the rights of 25,162,800 Ordinary shares were listed in CSE today. These rights were issued at the proposition of 75 rights for 2 every share held.
To compare with the number of rights and the price reduction of today is acceptable, and I believe the prices may have a chance to come further down and settle a price.