Rights Issue - August 2023

 The corporation provides its stockholders with the opportunity to buy its shares at a reduced price on a predetermined date referred to as the record date within a rights entitlement framework.

 

Stockholders receive Rights Entitlements (RE) through a temporary addition of RE to their Demat accounts, enabling them to partake in a Rights Issue. It's important to clarify that these are Rights Entitlements, distinct from Rights shares. In order to obtain the shares, individuals must submit applications to the relevant Registrar & Transfer Agent (RTA) and transform RE into shares. It's crucial to bear in mind that RE holds a provisional status, and until the application is submitted and the required sum is paid, the rights shares will not be added to the individual's Demat account.

Here’s the listing for August 2023

Rights Issue Information

Company Name	Ex-date	Record Date	RI Price	RE Trading Period	Last Date to Apply for Rights Shares	Where to Apply for Rights Shares	Circular
Piramal Pharma Limited	02-Aug	02-Aug	₹81	Starting 08-Aug	17-Aug-23 (Extn.)	ASBA	BSE/NSE
Perfect Infraengineers Ltd.	01-Aug	01-Aug	₹18	14-Aug to 18-Aug	24-Aug-23	ASBA	NSE
Vaxtex Cotfab Limited	24-Jul	24-Jul	₹2	07-Aug to 14-Aug	23-Aug-23 (Extn.)	ASBA	NSE
Brooks Laboratories Ltd.	28-Jul	28-Jul	₹75	07-Aug to 17-Aug	22-Aug-23 (Extn.)	ASBA	BSE
Shree Ram Proteins Ltd.	06-Jul	06-Jul	₹2.30	17-Jul to 09-Aug	25-Aug (RE Extn.)	ASBA	NSE
Orient Power Company Ltd.	18-Aug	18-Aug	₹10	Starting 28-Aug	15-Sep	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).

 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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