Stock warrents and how to excrise

Stocks
5

I have submitted the application form. The management meets usually in the mid of the month to approve warrant conversions. So I anticipate that my shares will get converted by 20th Sept

Here is the process for your reference:

  1. Fill up the DIS Slip with the DP with the Reason code(I used Reason Code of 29 (Deposit of securities with Escrow Agent and its return)) and specify execution date. The DP keeps the original slip with them and gives you a counterfoil.

  2. On the transaction execution day, you must provide your consent, following which the warrants will move from your DP Account to Ventura’s account. Early morning at around 7.30AM I received an sms as well as an email from NSDL with a link to confirm the transaction. Clicking the link takes you to the NSDL eServices website where you have to enter your PAN and then confirm the transaction.While confirming the transaction, you can clearly see the Target DP(Ventura Securities) , Target Client(MTPL Rights Demat Escrow Account Warrants), Quantity, etc.

  3. After providing consent, by evening, the warrants get debited from your DP and you can no longer see them. Thus you know that your warrants have got transferred into the DP Account.

  4. Courier the application form, demand draft(you can also use cheque/pay order), and a copy of the counterfoil to Mold Tek(Address specified on the application form)

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