Everything you need to know about the M&M Financial rights issue

Trading Announcements
321

Hi,

I’m new to stocks and been trading since 2 months. I’ve received M&M Financial Rights in my trading account on 28th. On the same day I visited the portal https://rights.kfintech.com/mahindra to applied for the rights.

I’m having a couple of questions.

  1. Other than the confirmation mail on 28th July from Zerodha, that I’ve received the M&M FIN-RE in my holdings, I’ve not received any other mail. Since I’ve applied for rights via website I’m expecting a confirmation mail from M&M FIN, yet no communication received till date.

M&M-FIN-RE
M&M-FIN-RE1117×58 4.16 KB

  1. As you mentioned, those who applied for rights will be able to sell the rights at market price? Does the shares in the above image mean that I should apply and then only I will be able to sell (Anyways I’ve already applied). Or even without applying I can still sell them since there are in my holdings?

  2. Like an IPO, REs are also a means of raising funds, are we supposed to buy the rights when eligible to attain profits?