Trading of RE’s stopped yesterday, if you bought yesterday RE’s will be delivered to you on Wednesday.
This has already been explained above
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 won’t be able to apply after 17th. If you don’t apply for rights shares on or before 17 July you will lose the entire premium paid to buy RE, there will be no refund.
RE’s have stopped trading now, and will vanish from your Demat account once issue ends on 17th July.
I have 1000 ABFRL RE, suppose i pay 50 per share to apply for rights. Will I be allowed to sell my share post 23rd? My buying would be (12+50) . What would be selling terms. Can someone help
The listing date is 7th August, you will be able to sell after that.
Your buying cost would be Premium of 12 + 55 on Application = Rs. 67
There are no terms, you can sell them just like any other stock. Just that once you sell Partly Paid Shares, you won’t be obliged to pay further Call amount in January 2021 and July 2021, which will be passed on to the buyer of these shares.
The whole process is online. It’s already mentioned above.
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 .
RE trading period is open for one more day, you can sell them tomorrow, after that you won’t be able to sell and will have to apply for the issue, if you don’t apply for rights shares you will lose entire premium paid, there will be no refund.
Hi,
Can you please explain, I am existing shareholder of ABFRL and I received 11 RE shares. Whether it will credited to my demat automatically or not? If not, when I have to apply right shares and whether I need to pay during apply the received RE shares or not? and How much I need to pay?
These shares will already be in your Demat account.
Yes, you have to use RE’s recieved to apply for rights shares. When you apply for rights shares you will have to pay Rs. 55 per share.
Process to apply has been explained above.
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 .
If you don’t want to apply for rights shares, you should sell them. Trading window for RE’s closes tomorrow after that you won’t be able to sell them.
Can’t really tell if it is profitable or not.
You have 1500 RE, so you will have to apply for 1500 shares. On application you will have to pay 55 per share, for 1500 shares you will have to pay 82,500.
If you apply only for 1000 shares, your remaining 500 RE’s will expire worthless as RE’s will cease to exist once issue closes on 22nd July, and you will lose all the premium you paid to acquire them as there will be no refund.
Shareholders recieved 9 RE’s for every 77 shares they held, those were free. however you will have to pay when you apply for rights shares, they are not free.
If you don’t want to apply for rights shares, you can sell the RE’s and earn the premium, trading window for RE’s closes tomorrow after that you won’t be able to sell.
If I apply for the shares, then from when I’ll be able to trade it normally like any other share?.
And any suggestions about longterm investment like 5-6 months??
So I understood, which I received 11 RE’s is a free share. Eventhough I have to apply for these free shares. When applying the shares I need to pay. otherwise I can sell these free shares without paying. Is my understanding correct?
platform allows eligible shareholders to renunciate their shares for a price. Until now, shareholders, who didn’t wish to apply, had to let their RE lapse or had to transfer it for free…whatvit means