Today is the last day for Tata Motors rights issue and I have been holding 200 shares from last 4 months, how do I apply?
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For the rights issue, company will send a application for your registered address to apply and it will mention how many maximum stock you can apply in rights issue based on your current holdings. It is completely investor choice to apply for buying additional stocks in rights issue. If they wish to buy they have to fill the application and submit to registrar with amount through cheque, DD or ASBA method. Once the allotment is completed, the stocks will credit to your demat account and this entire process will take 15 to 20 days.
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A rights issue temporary privilege that lets shareholders purchase additional shares directly from the issuer at a stated price. The price is usually less than the market price of the common shares on the day the rights are issued. The rights are only valid within a given time period. For example, a company announcing rights issue of 2:3 at Rs. 100 per share (current share price Rs. 130 per share), is issuing two (new) rights shares for every three shares held by the shareholders of the company at Rs. 100 per share. The rights shares can also be sold in the open market. If not subscribed.
Tata Motors Limited has informed the Exchange that the Company has fixed Book Closure on April 8, 2015 for the purpose of Rights Issue. Ratio of Rights entitlement :TATAMOTORS 6 fully paid-up Ordinary Shares for every 109 fully paid-up Ordinary Shares held as on the book closure date. Issue Price :TATAMOTORS Rs. 450 per Ordinary Share (including premium of Rs. 448 per Ordinary Share.)
Calculation for your Holding (109 : 6 = 18.16 : 1 share). You holding 200 for that eligible for 11 quantity. Applying Rights Issue you will receive application from Registrar and Transfer Agent ( RTA) after filling appliction Under ASBA facility, investors can apply any rights issues by using their bank account. Investor submits the ASBA form (available at the designated branches of the banks acting as SCSB) after filling the details like name of the applicant, PAN number, demat account number, bid quantity, bid price and other relevant details, to their banking branch by giving an instruction to block the amount in their account. In turn, the bank will upload the details of the application in the bidding platform. Detail information provided in application.
To apply right issue company will send a application for you address to apply.Their is a condition for how many stocks he can buy, its depends on his current holdings.It is completely investor choice to apply for buying additional stocks in rights issue.If they wish to buy they have to fill the application and submit to registrar with amount through cheque, DD or ASBA method.Once its done shares are directly credited to his demat account and for this entire process it takes more than 2 weeks.
A Right Issue is an invitation to an existing shareholders to purchase additional new shares in the company. For this company will directly send the application form to shareholders registered address to apply it.
Applying Rights Issue you will receive application from Registrar and Transfer Agent ( RTA) after filling appliction and submit to registrar with the amount through DD, Cheque or ASBA and once shares will get alloted it will directly credited to your demat A/c.
As an existing shareholder you should have received an application form on your registered address, which would contain all the details of right issue of the company. If interested you should soon send the duly filled application form so as to reach the address before the close of today’s working hours.
Right issue is eligible to apply existing share holders that who has holding respective stock based on proportionate mentioned by company TATAMOTOR Right issued (109:6) so that every 109 shares shareholder right to apply for 6 shares as predetermined price by the company you have to apply through register by filling application form which you have received from company.
A rights issue is an issue where the the existing share holders are given the ‘right’ to subscribe to the shares of any company wanting to raise fresh capital.
Normally the issuing company would send you an application asking you of your interest in applying for the Rights issue. You could fill in the application, write a cheque and send it to the Registrar of the issue to apply. Nowadays all IPO’s/ Rights issue are supported by ASBA.
The shares will be directly be credited to your Demat account in 2 weeks of time.
Also as today is the last date you are requested to send the filled form before today’s closing hours.
You can submit the application form duly filled to the collection centers/ address mentioned in the form with the preferred payment mode such as DD/ Cheque/ ASBA.
You will receive the allotted shares directly in your demat account.
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A rights issue is an issue of rights to buy additional securities in a company made to the company’s existing security holders
If you are holding TATAMOTORS shares then you’ll receive an application form directly from the Company for rights issue to the registered address, which you’ll have to fill and submit to the registrar with the amount through DD, Cheque, or ASBA and after the shares are allocated it will be directly credited to the demat account in T+3 days.
To apply for OFS, one has have a Demat account. Also be a shareholder of that particular stock. Inform the broker the quantity and price at which you want to apply for OFS. They will apply on your behalf.
Tata Motors Limited has approved rights issue (Rights ratio 6:109) of 6 fully paid-up Ordinary Shares for every 109 fully paid-up ordinary shares held as on the book closure date.
If an investor holds 200 shares of Tata Motors Ltd. on record date, will be eligible for 11 shares (200*6/109).
Applying for Rights Issue, you will receive Application Form from Registrar and Transfer Agent( RTA) and you need to fill the form along with requisite amount through DD, Cheque or ASBA (Investors can apply for Rights issue through his banker). Once the form has been filled, send it back to the mentioned address and once shares will be alloted, it will directly credited to your Demat A/c.
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The issuing company would have sent you an application asking you of your interest in applying for the Rights issue. You are requested to fill in the received application, write a cheque and send it to the Registrar of the issue to apply. Also these days all IPO's/ Rights issue are supported by ASBA.
You should get this done by today end of the day as today is the last day for applying.
Once the shares are allocated by the issuing company the same will be credited to your Demat account in 15-20 working days.
Tata Motors Limited has approved rights issue (Rights ratio 6:109) of 6 fully paid-up Ordinary Shares for every 109 fully paid-up ordinary shares held as on the book closure date.
If an investor holds 200 shares of Tata Motors Ltd. on record date, will be eligible for 11 shares (200*6/109).
Applying for Rights Issue, you will receive Application Form from Registrar and Transfer Agent( RTA) and you need to fill the form along with requisite amount through DD, Cheque or ASBA (Investors can apply for Rights issue through his banker). Once the form has been filled, send it back to the mentioned address and once shares will be alloted, it will directly credited to your Demat A/c.
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To apply for OFS , you need to own the shares. When even company announces for OFS , You have to apply through register by filling the form
The issuing company will send you an application asking you of your interest in applying for the Rights issue.A rights issue is offered in proportion to your existing holding.If you wish to buy you have to fill the application and submit to registrar along with the amount through cheque, DD or ASBA method. Once the shares are alloted, it will be credited to your demat account.
A rights issue gives privilege to the existing shareholders to purchase additional shares in a particular ratio. This type of issue gives existing shareholders securities called RIGHTS, which is at a discount to the prevailing market price of the stock.
You’ll recieve the application from the the company for rights issue to the registered address, you have to fill and send it to the address mentioned in the form with the preferred payment mode like Cheque, DD or ASBA. Once the shares are allocated, the same will be credited to your demat account.
Rights issue is an issue where the the existing share holders are given the ‘right’ to subscribe to the shares of any company wanting to raise fresh capital.
Normally the issuing company would send you an application asking you of your interest in applying for the Rights issue. You could fill in the application, write a cheque and send it to the Registrar of the issue to apply.
If you apply for this and if stock is allotted you will get 11 stocks at 450/- per share for your 200 stock of Tatamotars. and these extra 11 stock will directly credit to you demat account which is mentioned in the application form.
A rights issue is basically when a company offers existing shareholders a right to purchase additional shares of the company at a given price, which is at a discount to the prevailing market price of the stock, to make the offer enticing for the shareholder and to ensure that the rights offer is fully subscribed to.
It must be noted that in case of a rights issue, a shareholder has the option of applying for additional shares also i.e. over and above what he is entitled to. Thus, assuming that some of the shareholders do not exercise their right, the shareholders who have applied for additional shares are allotted the same.
Since, in the case of a rights issue, additional equity is issued, the issuing company’s equity base rises to the extent of the issue. Thus, considering that the number of equity shares of the company has increased, there is a proportionate fall in the stock price of the company reflecting the new adjusted earnings per share (EPS).
Here are the criteria for apply rights issue:
1. You should be an existing share holder of TATA motors.
2. You can apply direct register of shares for ex you can contact this concerned body at http://www.tatamotors.com/investors/investors.php.
3. An ASBA method or cheque or DD needs to be provided.