Patel Integrated Logistics will issue Right Entitlements (RE’s) to anyone who holds its shares as on February 18, 2021 (record date). You can check the announcement from the company here.
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 Patel Integrated Logistics or you can sell them in the market.
| Issue Details | |
|---|---|
| Ex-Date | February 17, 2021 |
| Record Date | February 18, 2021 |
| Ratio | 27:47 |
| Issue Price | ₹ 10 |
| Issue Period | February 26, 2021 to March 12, 2021 |
| RE Trading Period | February 26, 2021 to March 8, 2021 |
| Tentative Date of Allotment | March 23, 2021 |
| Tentative Date of Listing | March 30, 2021 |
How to apply for Patel Integrated Logistics 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 either on the RTA’s website or through Netbanking ASBA.
Note
If you have bought Rights Entitlements from the secondary market, the RTA (Bigshare Services) doesn’t allow applying through their portal. As an alternative, you can apply through your Bank’s Netbanking ASBA portal, if the issue is not available for applying via ASBA, in that case, you will have to physically submit a paper Application to the Designated Branch of the SCSB by visiting your bank. Here is the list of SCSB Banks, You can download the Application form here.
For further queries you can get in touch with the RTA, Bigshare Services, Email: [email protected] Phone: +91 22 6263 8200