Vikas Ecotech will issue Right Entitlements (RE’s) to anyone who holds its shares as of June 10, 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 Vikas Ecotech or you can sell them in the market. You can check the announcement from the company here.
|Ex-Date||June 9, 2021|
|Record Date||June 10, 2021|
|Issue Price||₹ 1.35|
|Issue Period||June 15, 2021 to June 29, 2021|
|RE Trading Period||June 15, 2021 to June 23, 2021|
|Tentative Date of Allotment||July 7, 2021|
|Tentative Date of Listing||July 13, 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. The website might not be fully live until the issue opens for the subscription.
You will need to enter your demat account’s Beneficiary Owner ID which is a 16-digit number while applying through Netbanking ASBA.
If you face any difficulties applying for the rights issue, you can get in touch with the RTA at: [email protected] or at: 011-42541234 / 23541234.