Bharat Gears Ltd. (BHARATGEAR) will issue Right Entitlements (RE’s) to anyone who holds its shares as of October 29, 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 Bharat Gears or you can sell them in the market. You can check the announcement from the company here.
|Ex-Date||October 28, 2021|
|Record Date||October 29, 2021|
|Issue Price||₹ 105|
|Issue Period||November 22, 2021 to December 6, 2021|
|RE Trading Period||November 22, 2021 to December 2, 2021|
|Tentative Date of Allotment||December 16, 2021|
|Tentative Date of Listing||December 21, 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 the subscription.
You will need to enter your demat account’s Beneficiary Owner ID which is a 16-digit number while applying through Netbanking ASBA.