Everything You Need to Know About WEP Solutions Rights Issue

WeP Solutions will issue Right Entitlements (RE’s) to anyone who holds its shares as of March 12, 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 WeP Solutions or you can sell them in the market. You can check the announcement from the company here.

Issue Details
Ex-Date March 10, 2021
Record Date March 12, 2021
Ratio 3:8
Issue Price ₹ 10
Issue Period March 24, 2021 to April 19, 2021
RE Trading Period March 24, 2021 to April 12, 2021
Tentative Date of Allotment April 27, 2021
Tentative Date of Listing April 29, 2021

How to apply for WeP Solutions 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 through Netbanking ASBA.