Everything You Need to Know About Rajapalayam Mills Ltd. Rights Issue

Rajapalayam Mills Ltd. will issue Right Entitlements (RE’s) to anyone who holds its shares as on March 05, 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 rights shares of Rajapalayam Mills or you can sell them in the market. You can check the announcement from the company here.

Issue Details
Ex-Date March 4, 2021
Record Date March 5, 2021
Ratio 1:6
Issue Price ₹ 569
Issue Period March 15, 2021 to March 30, 2021
RE Trading Period March 15, 2021 to March 24, 2021
Tentative Date of Allotment April 8, 2021
Tentative Date of Listing April 13, 2021

How to apply for Rajapalayam Mills 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 rights shares through the website of the Registrar and Transfer agent.

You will need to enter your demat account’s Beneficiary Owner ID which is a 16-digit number while applying through Netbanking ASBA.

is it only on the BSE . not on NSE ?

The shares of this company are listed only on BSE.

I checked. Why it is suspended on NSE ?

why is not showing in watch list ? how to buy RE’s of Rajapalayam?

The trading symbol for RE’s is RAJAPLM.

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