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January 12, 2024
Rights Issue - January 2024
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 January 2024:
| Company | Ex-date | Record Date | RI Price (Rs. per share) | RE Trading Period | Last date to apply for Rights Shares | Where to apply for rights shares | Circular |
| La Tim Metal & Industries Limited | 02-Jan | 02-Jan | Rs. 8.50 (Rs. 4.25 on App - PP Shares) | 10- Jan to 23- Jan | 29- Jan | ASBA | BSE |
| Grasim Industries Limited | 10- Jan | 10- Jan | Rs. 1812 (Rs. 453 on App - PP Shares) | 17- Jan to 23- Jan | 29- Jan | ASBA | BSE |
| IND Renewable Energy Limited | 08- Jan | 08- Jan | Rs. 21 | 18- Jan to 23- Jan | 29- Jan | ASBA | BSE |
| Genpharmasec Limited | 09- Jan | 09- Jan | Rs. 1.75 | 22- Jan to 02- Feb | 09-Feb | ASBA | BSE |
| Skipper Limited | 12- Jan | 12- Jan | Rs. 194 (Rs. 48.50 on App - PP Shares) | 30- Jan to 05- Feb | 08-Feb | ASBA | BSE |
| Quest Softech (India) Limited | 08- Jan | 08- Jan | Rs. 30 (PP Shares) | 10- Jan to 23- Jan | NA | ASBA | BSE |
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).
Here's a list of existing SCSBs.
For more details on Rights Issue/Rights Entitlement, please refer to BSE FAQs.
