I have purchased 300 shares of your company on 21 July 20 @233.7 per share. Rights entertainment day.suppose to be credit in DB within T+2 days means 23 July 20. This happened T + 5 trading secession.. that is on 28 th July 20 . The shares credited in DP account mentioned in services Email from CDSL is MAHINDRA & MAHINDRA Financial SERVICES LTD#RIGHTS ENTITLEMENTS FOR FULLY PAID UP EQUITY SHARES But I don't got mail or unable to apply which causes me huge losses. So please help me. MY BROKERAGE COMPANY 5 PAISE NOT HELPING. Please reply me whether I am eligible or not. How to get it.
Shares purchased on 21st should have credited on 22nd July 20. Broker delayed it. So you did not get the rights. Shares were in broker's account on record date of 23rd July 20. Broker will be eligible for rights and will get rights entitlement to apply. Since you paid 233.70 cum right price and broker did not deliver shares on time, you can request the broker apply for your rights taking payment from you and transfer shares after allotment to you. This is the legal procedure. If not broker has to pay you difference between cum rights and ex rights price amount back. But, many brokers don't respond. This is the reason one avoid dealing with cheap brokers who many times don't follow the rules.
Alternatively please ask your broker to transfer your right entitlements from his account to your account by off line transfer and then you apply before 11th August 20
The same problem I am encountering with 5Paisa .I bought 500 shares on 21st and I need not get RE .They have been dodging the my question for 10 days now.
Please write directly to the grievance dept and to the CEO which I am going to do. Those have bought shares on 21st July with other brokers have got RE. Only with 5Paisa people are encountering grievance@5paisa.com and CEO prakrash@5paisa.com