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Mahindra Financial Rights Offer (July 2020) Review Article's Messages

1 Comments

1. Jeevan

| Link|August 8, 2020 1:12:38 PMReply

I have 85 shares before record date so I am eligible to apply for 85 rights. I applied on 28july for 100 rights and paid 5000Rs. After that I purchased 7 RE from market on 30 july. How should I apply this or I already paid for 100 rights so no need to pay for this 7 and I will get 92 right shares?

1.1. NforNandkishor

| Link|August 10, 2020 8:15:40 PM

No need to worry Jeevan sir. Since you have applied for 100 shares and you are entitled for 92 shares, you will be allotted 92 shares of m&mfinance right issue. The number of RE shares in your demat account as on 11.08.2020 will be considered for deciding allotment. So, you do not need to apply additionally.

1.2. Jeevan

| Link|August 12, 2020 1:11:21 PM

Thanks Sir, I got very different answers from Kfintech. They said I can apply to purchased RE before 7Aug in other ans they said apply it through renouncee so got confused..

Thanks for your reply.????