Vikas Lifecare Ltd. will issue Right Entitlements (RE’s) to anyone who holds its shares as of May 21, 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 Lifecare or you can sell them in the market. You can check the announcement from the company here.
|Ex-Date||May 20, 2021|
|Record Date||May 21, 2021|
|Issue Price||₹ 1.85|
|Issue Period||May 27, 2021 to June 10, 2021|
|RE Trading Period||May 27, 2021 to June 4, 2021|
|Tentative Date of Allotment||June 22, 2021|
|Tentative Date of Listing||June 28, 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 rights issue, you can get in touch with the RTA at [email protected] or at +91 11 4254 1972/1864/1953.