Everything You Need to Know About L&T Finance Holdings Rights Issue

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62

The amount you paid to purchase the RE’s goes to the shareholder who sold the RE’s to you. This won’t be considered towards application amount.

1 Like
63

thanks for reply
will those RE shares will be deleted after 15th feb?
if i buy 74 RE shares amount -74 * 23= 1702
get 17 right issue amount-17 * 65 = 1105
after 15th feb i will have 17 right price @65 spending total amount of 2807, and average amount-165.
are my assumption and understanding are right?

64

Yes, the RE’s will be extinguished once the issue closes.

If you have 74 RE’, you can apply for 74 rights shares at Rs. 65 each, you will receive guaranteed allotment for shares equal to number of RE’s you hold.

66

Hi, what is the maximum number of shares, that I can apply?

Can my total value of shares that I request cross 2 lacs?

Thanks

67

Yes, you can apply for as many shares as you want. Though you’ll get guaranteed allotment only for shares equal to the extent of RE’s you hold. Allotment for remaining shares will be done on lottery basis, if you don’t receive the allotment, remaining amount will be returned back to your bank account.

68

Thanks.

For my understanding: so, the retail limit of 2 lacs is not applicable in this case, correct?

Also, is it that if I apply for more number of additional shares then I will be allotted more shares or is the lottery per application?

69

Hi Team,

I can see 22 L&T finance shares credited to my account.

I want to know:
a. Do I need to apply via ASBA to claim these 22 shares?

I am not a short seller and want to keep it for long. Plz suggest

70

Yes, you’ll have to use the RE’s you’ve received to apply for rights shares. You can apply through Netbanking ASBA or through RTA’s portal, process for both the methods has been explained above in the main post.

71

Hello, I have bought 350 RE and I am not a share holder, I just wanted to know for how much shares can I apply? Also would like to know if I will get the refund for RE that I have purchased as on the website they are asking me to pay additionally to apply for Rights Issue.

72

You can apply for any number of rights shares you want to, but as you hold 350 RE’s, you’ll receive a guaranteed allotment for 350 shares, for remaining shares allotment will be done on a lottery basis and if you don’t receive the allotment remaining funds will be returned back to you.

No, the amount you pay to purchase RE’s goes to the shareholder who sold them to you, this won’t be considered towards the amount you’ve to pay while making the application.

73

Hi, I have been allotted 1148 rights issue shares which is visible on my holdings page. The P&L shows positive value. Following are my questions

  1. If don’t do any thing will this value still be there (as of today it is Rs 27,000)
  2. Is it a good idea to buy the rights issue
  3. Will this means that Rs 90 share (as of today) I am getting for Rs 65 ?
  4. Can I Buy more than 1148 allotted shares at Rs 65 per share.
74

No. RE’s are temporary securities which you have to use while applying for rights shares. If you don’t want to apply, today is the last day to sell them. Once the issue closes, RE’s will be extinguished from your account.

This is upto you and your view about the company.

You can apply for more rights shares as well, though you’ll receive guaranteed allotment to the extent of RE’s you hold. For remaining quantity, allotment will be done on lottery basis, if you don’t receive the allotment, remaining funds will be returned back to you.

75

You said RE’s are temporary securities which I have to use while applying for the rights issue. Please tell me how to use them ? I think best is to sell them so that I can realise at least the value it is showing today (Rs 27,000). Plz advice asap.

76

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.

You can also apply for the Rights Issue through the website of the Registrar & Transfer Agent. The website may not be fully functional 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.

77

Also, I went through my AXIS BANK account to buy and it said that I can buy the rights issue till 15th Feb. So I am a bit confused why u are saying that today is the last day.

78

You can apply for rights shares until February 15th, but if you don’t wish to apply for rights shares and want to sell the RE’s, then today is the last day to do so, once RE trading window closes, you won’t be able to sell.

79

What happens if I am not able to sell.

80

If you don’t sell or apply for rights shares, you’ll lose the premium paid if any to purchase the RE’s as the RE’s will be extinguished once the issue closes.

81

Still not clear if not having share before and on record date & if purchase right issue from market then how to apply it on asba or rwap

Not having any share of Ltfh.

82

Even if you don’t have any L&TFH shares and have purchased L&TFH RE’s, you are eligible to apply for rights shares. You can apply either from Netbanking ASBA or R-WAP.