EIH Limited will issue Right Entitlements (RE’s) to anyone who holds its shares as on Sep 23, 2020 (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 EIH Limited or you can sell them in the market.
You can check the announcement from the company here.
| Issue details | |
|---|---|
| Ex-date | Sep 22, 2020 |
| Record Date | Sep 23, 2020 |
| Ratio | 8:85 |
| Issue Price | ₹ 65 |
| Issue Period | Sep 29, 2020 - Oct 13, 2020 |
| RE Trading Period | Sep 29, 2020 - Oct 08, 2020 |
| Tentative Date of Allotment | Oct 22, 2020 |
| Tentative Date of Listing | Oct 27, 2020 |
How to apply for EIH Limited 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 . The website will not be completely live until the issue opens.
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.