Dear Ashwini,
Suzlon Energy Limited has announced a rights issue. Since you were a shareholder on the record date, you have received Rights Entitlements (RE) which will be visible on Kite with a Rs 0 buy average price.
The REs will only be traded till 14 October 2022. After the rights issue closes, the REs will be extinguished and removed from your holdings. In order to ensure that your REs don’t expire underutilized, you can either sell the REs till the last day of trading or you can apply for the rights shares by 20 October 2022.
The application can be made from the RTA’s portal or using net banking ASBA if your bank supports it. You can also apply offline by submitting an Application Form to the Designated Branch of the SCSB (Self Certificate Syndicate Bank). You can check the process in this post. Please ignore this email if you have already applied for the rights shares.
Regards,
Team Zerodha
Zerodha Broking Ltd., 153/154, 4th Cross, Dollars Colony, JP Nagar 4th Phase, Bangalore - 560078
I have received this maile then too
