Automobile Corp to raise 750 mln rupees via rights


MUMBAI, July 27 (Reuters) - Sheet metal component and bus coach maker, Automobile Corp. of Goa Ltd. , said on Thursday its board had approved raising up to 750 million rupees through a rights issue. The company, in which the Tata Group holds 31.45 percent, also reported a net profit of 51.38 million rupees for the quarter to June 2006, up 151 percent. Shares in the company rose 6.4 percent to 284 rupees in a firm Mumbai market.

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