Rights Issue - August 2023

The company offers its shareholders the right to purchase its shares at a discount on a predetermined date known as the record date in a rights entitlement. 

Shareholders are granted Rights Entitlements (RE) by temporarily crediting their Demat accounts with RE, giving them the right to participate in a Rights Issue. Please note that these are Rights Entitlement and not Rights shares. To get the shares, you should apply at their respective Registrar & Transfer Agent (RTA) and convert RE into shares. You should keep in mind that RE is temporary, and until you apply and pay the requisite amount, rights shares won’t be credited to your Demat account.

Here’s the listing for August 2023:

CompanyEx-dateRecord DateRI PriceRE Trading PeriodLast date to apply for Rights SharesWhere to apply for rights sharesCircular
Piramal Pharma Limited02-Aug02-Aug?81Starting 08-Aug17-Aug-23 (Extn.)ASBABSE/NSE
Perfect Infraengineers Limited01-Aug01-Aug?1814-Aug to 18-Aug24-Aug-23ASBANSE
Vaxtex Cotfab Limited24-Jul24-Jul?207-Aug to 14-Aug23-Aug-23 (Extn.)ASBANSE
Brooks Laboratories Limited28-Jul28-Jul?7507-Aug to 17-Aug22-Aug-23 (Extn.)ASBABSE
Shree Ram Proteins Limited06-Jul06-Jul?2.3017-Jul to 09-Aug25-Aug (RE Extn.)ASBANSE
Orient Power Company Limited18-Aug18-Aug?10Starting 28-Aug15-SepASBABSE

Please note: The value of RE will be zero after the Rights Issue closure date.

RE Trading Period: The Exchange will publish a circular 2 days prior to the issue open date.

How to apply for Rights Issue: The Rights Issue offer is updated with ASBA (Application Supported Blocked Amount). 

  • For the online ASBA process, visit the website of an SCSB (Self-certified Syndicate Bank) and apply.
  • For the offline ASBA process, submit a physical application to participate in the Rights Issue at a designated SCSB. 
  • Here's a list of existing SCSBs.

    For more details on Rights Issue/Rights Entitlement, please refer to BSE FAQs.

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