Rights seem to have gone wrong in Monday’s market conditions with plunging security prices. Not only Suzlon called off its issue in the high profile case, but India's blue-chip companies, Hindalco and Tata Motors' rights issues, too have proved to be a big burden for the banks that have under-written them. The exposure of ABN Amro Bank is $56 million, while Merrill Lynch and SBI have $70 million worth of Hindalco shares.
