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.
|Ex-Date||28th October 2021|
|Record Date||29th October 2021|
|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|
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.