KDDL Ltd. will issue Right Entitlements (RE’s) to anyone who holds its shares as of March 31, 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 shares of KDDL Ltd. or you can sell them in the market. You can check the announcement from the company here.
|Ex-Date||March 30, 2021|
|Record Date||March 31, 2021|
|Issue Price||₹ 230|
|Issue Period||April 9, 2021 to May 7, 2021|
|RE Trading Period||April 9, 2021 to May 3, 2021|
Update: The company has decided to extend the last date for the Rights Entitlement trading period to May 3, 2021 and the Issue Period until May 7, 2021. You can check the announcement from the company here.
How to apply for KDDL Ltd. 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 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.
In case you’re facing any difficulties applying for Rights Issue, you can get in touch with the RTA at 1800 345 4001 / +9140 6716 2222 or at [email protected].