Asian Tea Exports Ltd. (ASIANTNE) will issue Right Entitlements (RE’s) to anyone who holds its shares as of 9th November 2021 (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 Asian Tea Exports or you can sell them in the market. You can check the announcement from the company here.
|Ex-Date||8th November 2021|
|Record Date||9th November 2021|
|Issue Price||₹ 15|
|Issue Period||18th November 2021 to 2nd December 2021|
|RE Trading Period||18th November 2021 to 26th November 2021|
|Tentative Date of Allotment||13th December 2021|
|Tentative Date of Listing||17th December 2021|
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 rights shares through the website of the Registrar and Transfer Agent. The website might not be fully live until the issue opens for subscription.
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.