Update: Arvind Fashions has made the first and final call on partly-paid shares. As result, w.e.f April 19, 2021 the partly paid shares are suspended from trading on the exchanges and you will not be able to see this holdings on Kite.
The company has fixed April 20, 2021 as the record date for the purpose of determining the names of the holders of the partly paid-up equity shares of the company to whom the first and final call notice will be sent. You can check the announcement from the company here.
|Payment||₹ 65 per share|
|Call Payment Period||May 10, 2021 to May 24, 2021|
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.
You can refer to this notice sent by the company for more information.
Arvind fashions will issue Right Entitlements (RE’s) to anyone who holds its shares as on February 24, 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 Arvind Fashions or you can sell them in the market. You can check the announcement from the company here.
|Ex-Date||February 23, 2021|
|Record Date||February 24, 2021|
|Issue Price||₹ 135|
|Issue Period||March 4, 2021 to March 18, 2021|
|RE Trading Period||March 4, 2021 to March 12, 2021|
|Tentative Date of Allotment||March 25, 2021|
|Tentative Date of Listing||April 5, 2021|
|First and Final Call||2||63||65|
How to apply for Arvind Fashions 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 also apply for rights shares through the website of the Registrar and Transfer agent.
You will need to enter your demat account’s Beneficiary Owner ID which is a 16-digit number while applying through Netbanking ASBA.