Everything You Need to Know About the Data Infrastructure Trust Rights Issue

Data Infrastructure Trust (DATAINFRA) will issue Rights Entitlements (REs) to anyone who holds its shares as of February 17, 2022 (record date). You will be eligible to receive Rights Entitlements (REs) if you have bought the shares on or before February 15, 2022. The ex-date is February 16, 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 Data Infrastructure Trust or you can sell them in the market. You can check the announcement from the company here.

Issue Details

Ex-date February 16, 2022
Record Date February 17, 2022
Ratio 1:88
Issue Price ₹ 110.46 per unit
Issue Period February 22, 2022 to February 28, 2022
RE Trading Period February 22, 2022 to February 23, 2022
Tentative date of allotment March 7, 2022
Tentative date of listing March 9, 2022

How to apply for the Data Infra Rights Issue?

Once you either receive the REs from the company or purchase them from the market, you will need to apply for the rights shares using Netbanking ASBA. You can check the process in this post. In case your bank isn’t offering the option for application via Netbanking, you will have to make a plain paper application. You can download the application form here. The process for submitting the form has been explained on the form itself.

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 your bank.

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.

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