The subscription to the rights issue of Piramal opened on February 9th and closes on February 26th. The record date for determining the eligible shareholders was February 1st. The company is offering 1 share for every 23 shares held at a price of Rs 2378.
Process
The process of applying for a rights issue is through ASBA (Applications Supported by Blocked Amount). If your bank supports it, you can apply online just like an IPO. If not then you would have received a courier of the Composite Application Form (CAF). You will have to fill the form and submit it at a Self Certified Syndicate Banks (SCSBs) branch.
The details to be filled are
- *Cheque/DD details (non ASBA)
- Select ASBA and fill in the bank details
- Your PAN number. If you have a joint account then fill in the PAN of the second holder.
- Fill your DP details. You can find your DP ID and the Beneficiary number under the profile section of Q.
Select NSDL - if your DP starts with IN. Select CDSL if the DP ID is completely numeric.
5) Your signature. Signatures if it is joint account.
Once done you can submit at any branch of a Self Certified Syndicate Banks (SCSBs). The list of banks can be found on the application from itself.
