Aditya Birla Fashions will issue Right Entitlements (REs) to anyone who held its shares on July 1st, 2020. These REs will be temporarily traded on the stock exchanges and will then be extinguished. You can either use the REs to apply for the rights shares of Arvind Fashions or you can sell them directly.
You can check the announcement from the company here .
|Issue Price||₹ 110|
|Issue Period||July 8th to 22nd|
|RE trading Period||July 8th to 17th|
|Tentative credit of rights shares||August 4th|
|Tentative listing of rights||August 7th|
|1st Call [January 2021]||2.5||25.0||27.5|
|2nd Call [July 2021]||2.5||25.0||27.5|
How to apply for the Aditya Birla Fashions rights issue?
Once you either receive the REs from the company or purchase it from the market, you will need to apply for the rights shares using Netbanking ASBA. You can check the process in this post .
You can verify your entitlement on the website of the Registrar & Transfer Agent . You will need to enter your demat account’s Beneficiary Owner ID which is a 16-digit number. You can read this FAQ on the RTA’s website for details.