Aplab Ltd. will issue Right Entitlements (RE’s) to anyone who holds its shares as of June 8, 2021 (record date). These RE’s will be temporarily traded on the stock exchanges and will then be extinguished. You can either use the RE’s to apply for the rights shares of Aplab Ltd. or you can sell them in the market. You can check the announcement from the company here.
|Ex-Date||June 7, 2021|
|Record Date||June 8, 2021|
|Issue Price||₹ 10|
|Issue Period||June 17, 2021 to July 1, 2021|
|RE Trading Period||June 17, 2021 to June 25, 2021|
|Tentative Date of Allotment||July 7, 2021|
|Tentative Date of Listing||July 9, 2021|
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 or offline by submitting the Application Form to the Designated Branch of the SCSB (Self Certificate Syndicate Bank). You can check the process in this post.
You will need to enter your demat account’s Beneficiary Owner ID which is a 16-digit number while applying through Netbanking ASBA.
If you face any difficulties applying for Rights Issue, you can get in touch with the RTA to the issue Adroit Corporate Services at 022 – 42270400 or at [email protected]