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1 Comments

1. Nitin Bawane

| Link|February 6, 2024 12:28:43 PMReply

I have received RE against my holding. What will happend if i will not subscribe for these RE Shares?

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1.2. Murugan

| Link|February 9, 2024 10:59:41 AM

Hi EveryOne.

I have bought 25 shares on Right issues on Feb7 .In Feb 8 it is showed in my DP account 25 QTY and T+1 . It is automatically moved from my account on FEB 9.

what need to do in this case? if i want to get 25 qty need apply right issue?

1.3. SP Dhua

| Link|February 10, 2024 6:40:26 PM

@Murugan
If no application is made by the purchaser of REs on or before Issue closing date then such REs will get lapsed and shall be extinguished after the Issue Closing Date. No shares / other securities for such lapsed REs will be credited, even if such REs were purchased from market and purchaser will lose the premium paid to acquire the REs. Persons who have bought Rights Entitlements (REs), shall require to make an application and apply for shares / other securities offered under Rights Issue, if they want to subscribe to the shares / other securities offered under Rights Issue.