Rights Issue listing - September 2022

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. 

Here’s the listing for September 2022:

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.

CompanyEx-dateRecord DateRI PriceRE Trading PeriodLast date to apply for Rights SharesWhere to apply for rights sharesCircular
Libas Consumer Products Ltd.15-Sep16-SepRs. 2127-Sep to 3-Oct7-OctASBANSE Circular
Suditi Industries Ltd.6-Sep6-SepRs. 3015-Sep to 16-Sep21-SepASBABSE Circular
Gautam Gems Ltd.01-Sep01-SepRs. 11 (on app Rs. 2.75 pp)12-Sep to 26-Sep30-SepASBABSE Circular
7NR Retail Ltd.23-Aug23-AugRs. 1.406-Sep to 15-Sep20-SepASBABSE Circular
Naysaa Securities Ltd.01-Sep01-SepRs 1007-Sep to 8-Sep13-SepASBABSE Circular
Coastal Corporation Ltd.25-Aug26-AugRs. 225 (on app Rs 56.25 pp)12-Sep to 21-Sep27-SepASBABSE Circular

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 a 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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