As the closing date of the ongoing rights issue of Oando Plc draws closer, there are strong indications that shares may be oversubscribed going by feelers from some investors who have shown remarkable confidence in the company’s growth and expansion drive.

Many of the company’s shareholders are scampering to acquire their right issue. Shareholders spoken to revealed that the value of N 70 per share is a good buy, considering that at N94, the right issue of N70 offers them an instant gain of N24.