What will happen if Right Entitlements (REs) are purchased through on market renunciation / Off market renunciation, and no application is made for subscribing the shares / other securities offered under Right issue?

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• What happen to Right Entitlements which are neither subscribe nor renounced on or before the issue closing date ?

  Rights Entitlements (REs) which are neither subscribed nor renounced on or before the Issue Closing Date are lapsed post closure of the issue and the ISINs linked to these REs shall stand suspended.

• What is Right Entitlement ?

  A right is issued by a company to its shareholders on a pre-determined date called the record date. Rights entitlements are offered to shareholders as a ratio to the number of securities held on this record date. A shareholder may refuse to subscribe ...

• What are Rights Issue?

  When a company wants to raise capital, issue of fresh shares to the existing shareholders is one option available to the company. In such an issue, existing shareholders have the right to buy a specified number of new shares of the company at a ...

• Can the application be made in joint names?

  Applications may be made in single or joint names (not exceeding three). In the case of joint application, all payments will be made out in favour of the first Applicant. All communications will be addressed to the first named Applicant whose name ...

• What is Bonus issue?

  A bonus share is a free share of stock given to current shareholders in a company, based upon the number of shares that the shareholder already owns. While the issue of bonus shares increases the total number of shares issued and owned, it does not ...