Everything you need to know about the SEPC Limited rights issue 2023

SEPC Restricted (SEPC) has introduced a rights problem of 38,384,615 fairness shares aggregating as much as Rs. 49.9 crore. The rights problem opens for subscription on December 6, 2023, and can shut on December 18, 2023.

Anybody who holds shares of SEPC Restricted as of November 28, 2023 (report 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 possibly can both use the REs to use for the rights shares of the corporate or you may promote them available in the market.

You possibly can verify the announcement from the corporate right here.

You’ll be eligible for Rights Entitlements (REs) in case you’ve purchased the shares on or earlier than November 27, 2023. The ex-date is November 28, 2023.

Rights Concern Particulars

When you both obtain the REs from the corporate or buy them from the market, you may apply for the rights shares utilizing the beneath strategies;

You possibly can verify the appliance course of right here.

You will have to enter your Demat account’s Beneficiary Proprietor ID which is a 16-digit quantity whereas making use of for the rights problem.

The choice to use for rights shares via the RTAs portal just isn’t accessible for this rights problem.

What is going to occur to my bought holding of RE shares if I don’t apply for the rights problem?

Your REs will lapse and you’ll lose the premium paid to accumulate them. The RE will probably be within the type of short-term demat securities which is able to 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 problem?

In case you will have purchased REs however don’t have shares, you’re nonetheless eligible for the rights problem. It’s possible you’ll apply for the rights shares both via the RTA’s portal or through web banking ASBA in case your financial institution permits it. In case you don’t take any motion, and let the REs stay in your Zerodha account, they are going to lapse after the problem.

You possibly can learn extra FAQ’s on Rights Concern and Rights Entitlements right here.