Rushil Decor will issue Right Entitlements (RE’s) to anyone who holds its shares as on Sep 11, 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 Rushil Decor or you can sell them in the market.
You can check the announcement from the company here.
|Ex-date||Sep 10, 2020|
|Record Date||Sep 11, 2020|
|Issue Price||₹ 50|
|Issue Period||Sep 21, 2020 to Oct 05, 2020|
|RE Trading Period||Sep 21, 2020 to Sep 29, 2020|
|Tentative Date of Allotment||Oct 15, 2020|
|Tentative Date of Listing||Oct 21, 2020|
|On First Call||2.5||10||12.5|
|On Second Call||2.5||10||12.5|
|On Third and Final Call||2.5||10||12.5|
How to apply for Rushil Decor 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.
If you have bought Rights Entitlements from the secondary market, the RTA (Bigshare Services) doesn’t allow applying through their portal. As an alternative, you can apply through your Bank’s Netbanking ASBA portal, if the issue is not available for applying via ASBA, in that case, you will have to physically submit a paper Application to the Designated Branch of the SCSB by visiting your bank. Here is the list of SCSB Banks, You can download the Application from here.
For further queries you can get in touch with the RTA, Bigshire Services, Email: [email protected] Phone: +91 22 6263 8200