Sika Ltd., a reputed industrial machine manufacturer, needs Rupees twenty crores as additional capital to expand the business. Mr. Amit Joshi, the chief Exceutive officer (CEO) of the company wants to raise funds through equity. The finance Manager, Mr. Narender Singh, suggested that the shares may be sold to investing public through intermediaries, as the same will be less expensive.
Name the method through which the company decided to raise additional capital.

Explanation

Rights Issue