Neekheeljain:
Sir, do we have to buy equal RE shares which we want to apply in RIGHT ISSUE, for instance if I wanna apply for 3,000 lloyd engineering works shares in the issue then I have to buy 3,000 RE shares??
@Neekheeljain Yes, you need to buy 3,000 REs once they are listed in the secondary market. Each RE lets you apply for one share in the issue. You can read this in detail here:
Lloyds Engineering Works Limited (LLOYDSENGG) has announced a rights issue of 30,85,17,476 equity shares aggregating up to Rs. 987.26 crores. The rights issue opens for subscription on May 15, 2025, and closes on May 30, 2025.
Anyone who holds shares of Lloyds Engineering Works Limited as of April 28, 2025 (record date) will be eligible to receive Rights Entitlements (REs). These REs will be temporarily traded on the stock exchanges and will then be extinguished. You can either use the REs to a…