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.
|Ex-Date||March 4, 2021|
|Record Date||March 5, 2021|
|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.