Emerald Leasing Finance and Investment Company will issue Right Entitlements (RE’s) to anyone who holds its shares as of January 28, 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 Emerald Leasing Finance & Investment Company or you can sell them in the market. You can check the announcement from the company here.
|Ex-Date||January 27, 2021|
|Record Date||january 28, 2021|
|Issue Price||₹ 10|
|Issue Period||March 22, 2021 to April 20, 2021|
|RE Trading Period||March 22, 2021 to April 1, 2021|
How to apply for Emerald Leasing Finance and Investment Company 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.