Asian Granito (ASIANTILES) will issue Rights Entitlements (REs) to anyone who holds its shares as of April 12, 2022 (record date). You will be eligible to receive Rights Entitlements (REs) if you have bought the shares on or before April 8, 2022. The ex-date is April 11, 2022.
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 Asian Granito or you can sell them in the market. You can check the announcement from the company here.
Issue Details
| Ex-date | April 11, 2022 |
| Record Date | April 12, 2022 |
| Ratio | 37:30 |
| Issue Price | ₹ 63 per share |
| Issue Period | April 25, 2022 to May 10, 2022 |
| RE Trading Period | April 25, 2022 to May 5, 2022 |
| Tentative date of allotment | May 19, 2022 |
| Tentative date of listing | May 24, 2022 |
How to apply for the Asian Granito 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 a Application Form to the Designated Branch of the SCSB (Self Certificate Syndicate Bank). You can check the process in this post .
The option to apply for rights shares through the RTAs portal is not available for this rights issue.
You will need to enter your demat account’s Beneficiary Owner ID which is a 16-digit number while applying for the 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 +91 22 4918 6200.
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.