Rights Issue - September 2023

 

The company extends an opportunity to its shareholders, allowing them to purchase its shares at a discounted rate on a predetermined date referred to as the "record date" through a rights entitlement.

 

Shareholders receive Rights Entitlements (RE) by temporarily having them credited to their Demat accounts, granting them the privilege to partake in a Rights Issue. It's essential to clarify that these are Rights Entitlements, distinct from Rights shares. To acquire the actual shares, you must submit an application to the respective Registrar & Transfer Agent (RTA) and convert your RE into shares. It's crucial to remember that RE is a provisional holding, and unless you apply and fulfill the required payment, the rights shares will not be reflected in your Demat account.

Listing for September 2023

Company	Ex-date	Record Date	RI Price	RE Trading Period	Last Date to Apply for Rights Shares	Where to Apply for Rights Shares	Circular
Gretex Corporate Services Limited	23-Aug	23-Aug	₹210	30-Aug to 01-Sep	06-Sep-23	ASBA	BSE
Orient Power Company Limited	18-Aug	18-Aug	₹10	28-Aug to 11-Sep	15-Sep-23	ASBA	BSE
Nakoda Group of Industries Limited	05-Sep	05-Sep	₹40	18-Sep to 22-Sep	27-Sep-23	ASBA	BSE/NSE

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.