I bought 9000share Aditya birla RE but don’t want to buy right issue not have money now what I will do plz suggestions me
I bought 9000share Aditya birla RE but don’t want to buy right issue not have money now what I will do plz suggestions me
Topic Controls
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?
Hi there!
Bro need an urgent help. I have unknowingly bought 1500 shares of abfrl re @28. I was unaware of many facts. What should I do now?
- Should I sell them?
- If not then is it profitable to apply for the rights issue at this rate?
- I have 1500 RE share then how much do I need to pay for the share?
- If in case I want to apply for only 1000 shares then what will happen?
1 Like
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 .
Thanks for your reply. its already credited to my demat. So ABFRL RE is not a free share to existing shareholder right…
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?
These shares will be listed as Partly Paid shares on 7th August, after that you can trade them like any other share.
Can’t comment. You should make your own decisions based on your analysis.
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
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…what it mean
Shareholders who receive the RE’s can now sell them at premium if they do not wish to apply for the issue. Earlier shareholders who did not wish to apply didn’t have this option, so they either have to let RE’s expire or give them away for free to people who wanted to apply for the issue.
I have 9000 Aditya birla fashion RE now tell me how many right issue I can apply to save my premium
You will have to apply for 9000 rights shares, on application you will have to pay Rs. 55 per share.
Hi ShubhS9
I have received the RE Shares on my Demat account. However, when I am going to link https://www.linkintime.co.in/RIGHTSISSUE/rightsissues-Knowyourapplication.aspx to apply for shares and entering details its showing NO RECORDS FOUND.
What to do?