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.
|Ex-Date||March 10, 2021|
|Record Date||March 12, 2021|
|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.