Step 1: The Application Form for the Rights Issue Shares would be sent to the Eligible shareholders at the valid e-mail ID. We'll walk you through the steps for applying for the Rights Issue of Suzlon Energy Limited. Apply for Rights issues by making an application Once sold, the money will be credited within T+2 days of such sale of shares.Ģ. Alternatively, shareholders can trade/sell them from their Demat Holding by 20 th Oct 2022. Shareholders may renounce the Rights Entitlements shares credited to their respective Demat accounts. How to deal with the credited Rights Entitlement shares?ġ. Issue opening and closing date: This is the trading period for RE shares NOTE: Any Rights Entitlement which is neither renounced NOR applied for rights issues shall lapse. Rights Entitlements Renunciation date: Shareholders who are not willing to accept the rights offer can renounce their RE shares by this date. Rights Entitlements Credit date: RE shares are credit to your demat account by this date. Record Date: Record date is the day for determining the shareholders to whom the rights entitlement shares will be alloted(i.e. Here’s a list of few important dates for Suzlon Energy Rights Issue What are the important dates that I need to remember as an Investor? 5 rights equity shares for every 21 fully paid-up equity shares held by eligible shareholders). The issue will be in the ratio of 5:21 (i.e. What is the ratio of Suzlon Energy Rights issue? The issue size of Suzlon Energy Rights Issue is of 240 crore equity shares at ₹5 per share aggregating upto ₹1,200Crores. What is the issue size of the Suzlon Energy Rights issue? RE is a temporary credit of shares in the Demat account, which allows the rights holders to buy fresh shares of the same company and for those who are not interested in adding more shares of the same company – to sell their RE shares in a trading window on exchanges to other willing investors for a price. A shareholder needs to apply for rights shares based on entitlements received separately. Owning RE shares is not the same as owning rights shares. Rights Entitlement Shares: This is relatively new concept in the Indian stock market, where the entitlement itself is traded on the exchange. For example, a 5:21 issue means you get the right to buy FIVE share for every TWENTY-ONE shares you own. That is, if you own a share, you get the “right” to buy more shares – in a certain ratio, at a certain price. What is a Rights Issue? What are Rights Entitlement shares?Ī rights issue is an offering of rights to the existing shareholders of a company that allows them to buy additional shares directly from the company at a discounted price rather than buying them on the secondary market.
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