Update: Aditya Birla Fashions has fixed July 1, 2021, as the record date for the purpose of ascertaining the holders of partly paid-up equity shares to whom the final call notice would be sent. You can check the announcement from the company here.
As a result, the Partly Paid shares of Aditya Birla Fashions will be suspended from trading on exchanges with effect from June 30, 2021, and you will not be able to see this holdings on Kite.
|Payment||₹ 27.5 per share|
|Call Payment Period||July 5, 2021 to July 19, 2021|
|Allotment & Listing||Within 2 to 3 weeks from the last date of payment|
What are the modes for payment?
You can make call payment through the following modes:
- Netbanking ASBA: Through the website of the SCSB’s.
- Physical ASBA: By submitting a physical application to the Designated Branch of SCSB’s.
- Cheque / Demand Draft.
You can also make payment through the website of the Registrar and Transfer agent.
What will happen if I don’t make the call payment?
If you fail to pay the call money the partly paid shares may be forfeited (the current ABFRL PP shares you hold will be worthless and will not trade on exchanges as the company will allot new shares under different ISIN). The company may also levy interest on the amount you owe.
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 Aditya Birla 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|
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.
You can also apply for right on the RTAs website - Link Intime India Pvt Ltd.