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Vaxtex Cotfab Restricted. (VCL-BE) has introduced a rights situation of 6,31,45,050 fairness shares aggregating as much as Rs. 12.63 crores. The rights situation opens for subscription on August 07, 2023 and closes on August 18, 2023.
Anybody who holds shares of Vaxtex Cotfab Restricted. as of July 24, 2023 (document date) will probably be eligible for receiving Rights Entitlements (REs). These REs will probably be quickly traded on the inventory exchanges and can then be extinguished. You may both use the REs to use for the rights shares of the corporate or you possibly can promote them out there.
You may verify the announcement from the corporate right here.
You’ll be eligible for receiving Rights Entitlements (REs) for those who’ve purchased the shares on or earlier than July 22, 2023. The ex-date is July 24, 2023.
Rights situation particulars
Difficulty Interval
August 07, 2023 – August 18, 2023
RE Buying and selling Interval
August 07, 2023 – August 14, 2023
RE Image
VCL-RE-BE
Difficulty Value
Rs. 2 per share
Ratio
1:2
EX-date
July 24, 2023
Report Date
July 24, 2023
Tentative Date of Allotment for rights shares
August 25, 2023
Tentative Date of Credit score of rights shares
August 29, 2023
Tentative Date of Itemizing for rights shares
August 31, 2023
Easy methods to apply for Vaxtex Cotfab Restricted Rights Difficulty?
When you both obtain the REs from the corporate or buy them from the market, you possibly can apply for the rights shares utilizing the under strategies;
You may verify the applying course of right here.
You have to to enter your Demat account’s Beneficiary Proprietor ID which is a 16-digit quantity whereas making use of for the rights situation.
The choice to use for rights shares by the RTAs portal shouldn’t be out there for this rights situation.
What is going to occur to my bought holding of RE shares if I don’t apply for the rights situation?Your REs will lapse and you’ll lose the premium paid to accumulate them. The RE will probably be within the type of momentary demat securities which can lapse if not renounced/exercised as soon as the buying and selling window is closed.
I don’t have the shares however purchased REs, am I nonetheless eligible to use for the rights situation?In case you’ve gotten purchased REs however don’t have shares, you’re nonetheless eligible for the rights situation. You might apply for the rights shares both by the RTA’s portal or by way of web banking ASBA in case your financial institution permits it. If you happen to don’t take any motion, and let the REs stay in your Zerodha account, they’ll lapse after the difficulty.
You may learn extra FAQs on Rights Difficulty and Rights Entitlements right here.
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