I have RE of 5 Shares from India Hotel company limited . However i have applied for Right issue of additional shares that the Entitlement . Will the additional shares be allotted at a discounted price of Rs. 150 per share , if yes how to check when & how the allotment will happen. if no then will the amount paid for additional shares be refunded back to the account from where the payment was made.
Can anyone please clarify , ihcl has mentioned the deemed allotment date as 17th December 2021. Will I be alloted the additional shares I have purchased at R.150 . If it is not alloted when can I receive the credit bank to my account
There is no guarantee that you will get additional shares applied by you. Additional shares are allotted in proportion to your entitlement and also based on how many investors have not applied for the shares they are entitled to.
Any additional amount you paid beyond your allotted shares will get refunded to you within few days.
Will the additional shares be allotted at a discounted price of Rs. 150 per share , if yes how to check when & how the allotment will happen.
if no then will the amount paid for additional shares be refunded back to the account from where the payment was made.