All You Need To Know About Minda Industries Rights Issue

Trading Announcements
2

Is there any way that whenever any company issue right entitlements then i would have been notified by zerodha through notification?
Or I have to check daily by myself??

3

You can keep track on Bulletin, We also post here on Trading Q&A whenever there is Rights Issue.

4

Hi Shubhas, I have subscrited to Minda Ind. rights issue on 25th Aug. Till now I haven’t received any confirmation email from Minda Ind or BSE. But my amount was deducted from the account and I can see Minda-RE in my holdings before I made the payment. How to confirm whether my subscription was successful or not?

5

You can get in touch with the RTA at [email protected] or at 022-4918 6200.

6

Hi I have purchased Minda re shares from open market what should be the procedure to get them permanently in my demat account.

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You will now have to apply for rights shares via RTA’s website or through Netbanking ASBA.

As mentioned above.

How to apply for Minda Industries rights issue?

Once you either receive the RE’s from the company or purchase it from the market, you can 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 while applying either on the RTA’s website or through Netbanking ASBA.

8

Hi Shubh,
Can u pls. help me out to know the exact procedure for this, and if i will not do anything for this than what will happen to these shares in future pls. confirm.

9

Visit the RTA’s website mentioned above, select Company Name, you have bought RE’s from market so select “Renouncee” option, enter your DP ID, (the process to obtain your DP ID is mentioned above) and proceed further to enter your other details, next you will have to enter how many shares you want to apply for, make payment and done.

10

Hello sir,
if I buy RE from open market on 3 september,then it will not show on my portfolio bcz it is the last date of trading. Can I apply for rights share on 4th sep?

11

The RE’s will be credited to your Demat account on 5th September if you buy on 3rd September, you can apply then, you will have time until 8th September to apply for rights shares.

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12

So if i buy at current market price i.e 70 rs. Then additionally i have to 250 per share? correct?
and i can apply like M&M financial RE ? Its similar right?

13

Right.

Yes, the process to apply for rights shares is similar.

14

I have bought from open market 100 share. I will apply to rta than what is for open market share my money will be back or it will hold in my account. Please guide

15

The money you paid to purchase the RE’s? No, you don’t get that back, that goes to shareholder who sold the RE’s to you.

16

Than how should I deal with. I can buy it from rta and my money will be adjusted with and I can buy 100 share from rta? I bought it Friday @75 100 share please explain

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As I said above, the money you have paid to purchase the RE’s, goes to the shareholder who sold the RE’s to you. This won’t get adjusted towards amount you have to pay while applying for rights shares.

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Please guide what should I do.

19

I can buy 100 share from rta.? Re money will loss

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Yes, you can apply for 100 shares.

21

@ShubhS9 @siva I didn’t get minda share in my demat account.

I got msg also of debiting RE and crediting Mind ind shares. but can not find in my holdings.

Today is the listing RE’s of Minda Ind Share