# Everything you need to know about Piramal Pharma Limited rights issue
**URL:** https://tradingqna.com/t/everything-you-need-to-know-about-piramal-pharma-limited-rights-issue/151056
**Category:** Announcements
**Created:** [August 3, 2023, 11:09am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-piramal-pharma-limited-rights-issue/151056 "2023-08-03T11:09:00Z")
**Posts on this page:** 12
**Page:** 1
### Author:  [@nithin\_kumrr](https://tradingqna.com/u/nithin_kumrr)
#### Post date: [August 3, 2023, 11:09am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-piramal-pharma-limited-rights-issue/151056/1 "2023-08-03T11:09:00Z")
Piramal Pharma Limited. (PPLPHARMA) has announced a rights issue of 129,629,630 equity shares aggregating up to Rs. 1,050 crores. The rights issue opens for subscription on August 08, 2023 and closes on August 17, 2023.
Anyone who holds shares of Piramal Pharma Limited. as of August 02, 2023 (record date) will be eligible for receiving Rights Entitlements (REs). These REs will be temporarily traded on the stock exchanges and will then be extinguished. You can either use the REs to apply for the rights shares of the company or you can sell them in the market.
You can check the announcement from the company [here](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1e8e0619-98df-44bd-a63f-a121a5da50d8.pdf).
You will be eligible for receiving Rights Entitlements (REs) if you’ve bought the shares on or before August 01, 2023. The ex-date is August 02, 2023.
## Rights issue details
| Issue Period | August 08, 2023 - August 17, 2023 |
| --- | --- |
| RE Trading Period | August 08, 2023 - August 10, 2023 |
| RE Symbol | PLPHAR-RE-BE |
| Issue Price | Rs. 81 per share |
| Ratio | 5:46 |
| EX-date | August 02, 2023 |
| Record Date | August 02, 2023 |
| Tentative Date of Allotment for rights shares | August 23, 2023 |
| Tentative Date of Credit of rights shares | August 24, 2023 |
| Tentative Date of Listing for rights shares | August 24, 2023 |
## How to apply for Piramal Pharma Limited Rights Issue?
Once you either receive the REs from the company or purchase them from the market, you can apply for the rights shares using the below methods;
- Online via Netbanking ASBA
- Offline by submitting the [Application Form](https://www.bseindia.com/downloads/ipo/Applicattion%20Form_040820231909.pdf) to the nearest branch of [SCSB (Self-Certified Syndicate Bank)
](https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=34)
**You can check the application process [here](https://tradingqna.com/t/how-do-i-apply-for-the-rights-issue-of-piramal-enterprises/33380/3)**.
You will need to enter your Demat account’s [Beneficiary Owner ID](https://support.zerodha.com/category/your-zerodha-account/dp-id-and-bank-details/dp-id-bo-id/articles/dp-name-dp-id-bo-id-and-demat-id) which is a 16-digit number while applying for the rights issue.
**The option to apply for rights shares through the RTAs portal is not available for this rights issue.**
* * *
**What will happen to my purchased holding of RE shares if I do not apply for the rights issue?**
Your REs will lapse and you will lose the premium paid to acquire them. The RE will be in the form of temporary demat securities which will lapse if not renounced/exercised once the trading window is closed.
**I don’t have the shares but bought REs, am I still eligible to apply for the rights issue?**
In case you have bought REs but don’t have shares, you’re still eligible for the rights issue. You may apply for the rights shares either through the RTA’s portal or via net banking ASBA if your bank allows it. If you don’t take any action, and let the REs remain in your Zerodha account, they will lapse after the issue.
You can read more FAQs on Rights Issue and Rights Entitlements [here](https://support.zerodha.com/category/trading-and-markets/corporate-actions/articles/rightsentitlement).
---
### Author:  [@Anil\_Kumar\_Tummidi](https://tradingqna.com/u/Anil_Kumar_Tummidi)
#### Post date: [August 7, 2023, 6:50am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-piramal-pharma-limited-rights-issue/151056/2 "2023-08-07T06:50:49Z")
Closing Date has been extended by ONE day to 18th August. FYI
More information [here](https://www.piramal.com/wp-content/uploads/2023/08/Piramal-Pharma-Limited-Rights-Issue-FAQs.pdf)
---
### Author:  [@nithin\_kumrr](https://tradingqna.com/u/nithin_kumrr)
#### Post date: [August 8, 2023, 4:05am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-piramal-pharma-limited-rights-issue/151056/3 "2023-08-08T04:05:57Z")
Thanks, Anil. I’ve made changes.
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### Author:  [@Vashikth](https://tradingqna.com/u/Vashikth)
#### Post date: [August 10, 2023, 1:00am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-piramal-pharma-limited-rights-issue/151056/4 "2023-08-10T01:00:42Z")
how can I buy PPL pharma rights issue shares on line since I am away from my home town?
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### Author:  [@ShubhS9](https://tradingqna.com/u/ShubhS9)
#### Post date: [August 10, 2023, 7:19am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-piramal-pharma-limited-rights-issue/151056/5 "2023-08-10T07:19:33Z")
> [@Vashikth](#):
>
> how can I buy PPL pharma rights issue shares on line since I am away from my home town?
You can apply for rights shares using Netbanking ASBA service provided by your bank. You can check the application process here: [How do I apply for the rights issue of Piramal Enterprises? - #3 by Bhuvan](https://tradingqna.com/t/how-do-i-apply-for-the-rights-issue-of-piramal-enterprises/33380/3)
---
### Author:  [@Anil\_Kumar\_Tummidi](https://tradingqna.com/u/Anil_Kumar_Tummidi)
#### Post date: [August 10, 2023, 3:56pm UTC](https://tradingqna.com/t/everything-you-need-to-know-about-piramal-pharma-limited-rights-issue/151056/6 "2023-08-10T15:56:01Z")
Can i apply for more shares than what i was entitled for . My bank is allowing to put any no of shares without any restruction
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### Author:  [@KarthikAcharya](https://tradingqna.com/u/KarthikAcharya)
#### Post date: [August 10, 2023, 4:26pm UTC](https://tradingqna.com/t/everything-you-need-to-know-about-piramal-pharma-limited-rights-issue/151056/7 "2023-08-10T16:26:49Z")
Yes you can apply the RTA can consider you for additional allotment depending upon the issue subscription. The amount you’ve paid is kept in an escrow account maintained by RTA and will be refunded if the allotment is not made.
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### Author:  [@Anil\_Kumar\_Tummidi](https://tradingqna.com/u/Anil_Kumar_Tummidi)
#### Post date: [August 10, 2023, 4:37pm UTC](https://tradingqna.com/t/everything-you-need-to-know-about-piramal-pharma-limited-rights-issue/151056/8 "2023-08-10T16:37:03Z")
Thanks a lot for the information.
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### Author:  [@ramnadh\_bheri](https://tradingqna.com/u/ramnadh_bheri)
#### Post date: [August 14, 2023, 1:01am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-piramal-pharma-limited-rights-issue/151056/9 "2023-08-14T01:01:29Z")
Hi, I m holding Piramal pharma shares in my demat but I didn’t participate in rights issue, so my question is did I loose entire shares or its dilute the share Price… please any one amswe.
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### Author:  [@KarthikAcharya](https://tradingqna.com/u/KarthikAcharya)
#### Post date: [August 14, 2023, 1:34am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-piramal-pharma-limited-rights-issue/151056/10 "2023-08-14T01:34:35Z")
Hey @ramnadh_bheri
You should have received the appropriate entitlement shares (REs) into your demat account in case you are eligible, which can be used to apply for the rights issue or traded on the market. However, if the REs are neither sold nor utilized for the rights issue, they will eventually expire and become worthless.
To know more on RE’s you can check onto this [link](https://support.zerodha.com/category/trading-and-markets/corporate-actions/articles/rightsentitlement#:~:text=Rights%20Entitlements%20(REs)%20are%20temporary,sell%20stocks%20from%20your%20holdings%20.).
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### Author:  [@Anita\_Bhatnagar](https://tradingqna.com/u/Anita_Bhatnagar)
#### Post date: [September 4, 2023, 8:11am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-piramal-pharma-limited-rights-issue/151056/11 "2023-09-04T08:11:07Z")
I purchsed online 210 Shares of PLPHAR-RE through kite on dated 8 Aug 2023. I did not get any right shares or my money back. Please look into the matter ans take action. Thanks and regards.
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### Author:  [@ShubhS9](https://tradingqna.com/u/ShubhS9)
#### Post date: [September 4, 2023, 8:14am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-piramal-pharma-limited-rights-issue/151056/12 "2023-09-04T08:14:06Z")
> [@Anita\_Bhatnagar](#):
>
> I purchsed online 210 Shares of PLPHAR-RE through kite on dated 8 Aug 2023. I did not get any right shares or my money back. Please look into the matter ans take action. Thanks and regards.
Rights Entitlements (REs) are temporarily traded securities. Once you buy the REs, you have to apply for rights issue to get the rights shares. The application process has to be completed within the application window (August 8, 2023 - August 17, 2023 for Piramal Pharma rights issue).
If you fail to apply for rights shares, the REs will lapse and you will lose entire amount paid to purchase them.