L&T Finance Holdings will issue Right Entitlements (RE’s) to anyone who holds its shares as on record date January 22nd, 2021. You can check the announcement from the company here.
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 L&T Finance Holdings or you can sell them in the market.
January 21, 2021
January 22, 2021
February 1, 2021 to February 15, 2021
RE Trading Period
February 1, 2021 to February 10, 2021
Tentative Date of Allotment
February 23, 2021
Tentative Date of Credit to Demat
February 24, 2021
Tentative Date of Listing
February 26, 2021
How to apply for L&T Finance Holdings 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.
If you were holding L&TFH shares as on record date 22nd January, you will receive RE’s in your account. If you do not wish to apply for rights shares, you can sell the RE’s in the market like you normally sell any shares.
If you don’t have RE’s and wish to apply for rights shares, you can purchase RE’s in the market and use them to apply from the above given link.