Everything You Need to Know About the Patel Integrated Logistics Rights Issue

Patel Integrated Logistics will issue Right Entitlements (RE’s) to anyone who holds its shares as of 29th October 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 Patel Integrated Logistics or you can sell them in the market. You can check the announcement from the company here.

Issue Details
Ex-Date 28th October 2021
Record Date 29th October 2021
Ratio 613:399
Issue Price ₹ 10
Issue Period 9th November 2021 to 23rd November 2021
RE Trading Period 9th November 2021 to 17th November 2021
Tentative Date of Allotment 6th December 2021
Tentative Date of Listing 7th December 2021

How to apply for Patel Integrated Logistics Rights Issue?

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.

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.