Tue Oct 30, 2012 11:20pm EDT
Shares in Dhipaya Insurance Pcl dropped 7.14 percent to 26 baht after the insurer said it planned a rights issue at a lower-than-market price of 12 baht and would use the proceeds to strengthen its capital base.
Dhipaya shares had risen 34 percent so far this year compared with a 26.1 percent gain of the benchmark SET index .
(Reporting by Viparat Jantraprap in Bangkok; Editing by Anupama Dwivedi; viparat.jantraprapaweth@thomsonreuters.com)
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