Ajooni Biotech Limited (AJOONI) will issue Right Entitlements (RE’s) to anyone who holds its shares as of November 25, 2022 (record date). 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 Ajooni Biotech Limited or you can sell them in the market. You can check the announcement from the company here.
You will be eligible to receive Rights Entitlements (REs) if you have bought the shares on or before November 24, 2022. The ex-date is November 25, 2022.
|Ex-Date||November 25, 2022|
|Record Date||November 25, 2022|
|Issue Price||₹ 6|
|Issue Period||December 07, 2022 to December 15, 2022|
|RE Trading Period||December 07, 2022 to December 09, 2022|
|Tentative Date of Allotment||December 23, 2022|
|Tentative Date of Listing||December 28, 2022|
How to apply for Ajooni Biotech Limited Rights Issue?
Once you either receive the REs from the company or purchase them from the market, you can apply for the rights shares using Netbanking ASBA or offline by submitting an Application Form to the nearest branch of SCSB (Self Certified Syndicate Bank) . You can check the process in this post.
You will need to enter your demat account’s Beneficiary Owner ID which is a 16-digit number while applying for the rights issue.
The option to apply for rights shares through the RTAs portal is not available for this rights issue.
If you face any difficulties applying for the rights issue, you can get in touch with the RTA at [email protected] or at +044-40020700
What will happen to my purchased holding of RE shares if I do not apply for the rights issue?
Your REs will lapse and you will lose the premium paid to acquire them. The RE will be in the form of temporary demat securities which will lapse if not renounced/exercised once the trading window is closed.
I don’t have the shares but bought REs, am I still eligible to apply for the rights issue?
In case you have bought REs but don’t have shares, you’re still eligible for the rights issue. You may apply for the rights shares either through the RTA’s portal or via net banking ASBA if your bank allows it. If you don’t take any action, and let the REs remain in your Zerodha account, they will lapse after the issue.
You can read more FAQ’s on Rights Issue and Rights Entitlements here.