Refex Industries will issue Right Entitlements (REs) to anyone who holds its shares as on June 17, 2020. 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 Refex Industries or you can sell them directly.
You can check the announcement from the company here .
| Issue details | |
|---|---|
| Ratio | 5:14 |
| Issue Price | ₹ 45 |
| Issue Period | July 27, 2020 to August 10, 2020 |
| RE Trading Period | July 27, 2020 to August 6, 2020 |
| Tentative Date of Allotment | August 20, 2020 |
| Tentative Date of Listing | August 25, 2020 |
How to apply for the Refex Industries rights issue?
Once you either receive the REs from the company or purchase it from the market, you will need to apply for the rights shares using Netbanking ASBA. You can check the process in this post . You can verify your entitlement on the website of the Registrar & Transfer Agent . The website will not be completely live 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 your bank.