Mold-Tek Packaging Limited will issue Right Entitlements (RE’s) and Warrants to anyone who holds its shares as on October 22, 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 Mold-Tek Packaging or you can sell them in the market. You can check the announcement from the company here.
|Ex-Date||Oct 21, 2020|
|Record Date||Oct 22, 2020|
|Ratio||1 Rights Equity share along with 6 detachable Warrants for every 50 shares held|
|Issue Price per Equity Share||180|
|Issue Price per Warrant||184|
|Issue Period||Oct 28, 2020 to Nov 11, 2020|
|RE Trading Period||Oct 28, 2020 to Nov 06, 2020|
|Tentative Date of Allotment||Nov 18, 2020|
|Tentative Date of Listing||Nov 27, 2020|
Payment Schedule for Rights Equity Shares
|Upon one or more subsequent calls made by the Company||3.75||131.25||135|
Payment Schedule for Detachable Warrants
|On Warrant Exercise||138||138|
Tenure of the Warrants
18 months from the date of allotment of the Warrants, i.e. Warrants which are not tendered to be converted into Equity Shares at the completion of the Warrant Exercise Period (18 months), shall lapse and the relevant holder/s of such Warrants shall not be entitled to allotment of the Equity Shares against such Warrants.
Warrant Exercise Period
A period that commences on the completion of the 1st month from the date of allotment of the Warrants and shall continue up to the completion of the 18th month from the date of allotment of the Warrants.
How to apply for Mold-Tek Packaging 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.
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.