Shoppers Stop will issue Right Entitlements (RE’s) to anyone who holds its shares as on record date November 20, 2020.
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 Shoppers Stop or you can sell them in the market. You can check the announcement from the company here.
|Ex-Date||November 19, 2020|
|Record Date||November 20, 2020|
|Issue Price||₹ 140|
|Issue Period||November 27, 2020 to December 11, 2020|
|RE Trading Period||November 27, 2020 to December 07, 2020|
|Tentative Date of Allotment||December 21, 2020|
|Tentative Date of Listing||December 24, 2020|
How to apply for Shoppers Stop 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. The website might not be fully functional 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 Netbanking ASBA.