Seacoast Transport Providers Ltd. (SEACOAST) has introduced a rights subject of 20,20,05,000 fairness shares aggregating as much as Rs. 48.48 crores. The rights subject opens for subscription on July 21, 2023 and closes on July 31, 2023.
Anybody who holds shares of Seacoast Transport Providers Ltd. as of July 13, 2023 (report date) shall be eligible for receiving Rights Entitlements (REs). These REs shall 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 may promote them out there.
You may verify the announcement from the corporate right here.
You may be eligible for receiving Rights Entitlements (REs) in the event you’ve purchased the shares on or earlier than July 12, 2023. The ex-date is July 13, 2023.
Rights subject particulars
Problem Interval
July 21, 2023 – July 31, 2023
RE Buying and selling Interval
July 21, 2023 – July 27, 2023
RE Image
SEACOAST-RE
Problem Value
Rs. 2.40 per share
Ratio
3:5
EX-date
July 13, 2023
File Date
July 13, 2023
Tentative Date of Allotment for rights shares
August 07, 2023
Tentative Date of Credit score of rights shares
August 09, 2023
Tentative Date of Itemizing for rights shares
August 11, 2023
The way to apply for Seacoast Transport Providers Ltd Rights Problem?
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 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 subject.
The choice to use for rights shares by the RTAs portal isn’t obtainable for this rights subject.
What’s going to occur to my bought holding of RE shares if I don’t apply for the rights subject?Your REs will lapse and you’ll lose the premium paid to accumulate them. The RE shall be within the type of momentary 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 subject?In case you have got purchased REs however don’t have shares, you’re nonetheless eligible for the rights subject. It’s possible you’ll apply for the rights shares both by the RTA’s portal or by way of internet 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 may lapse after the difficulty.
You may learn extra FAQs on Rights Problem and Rights Entitlements right here.
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My doubt is I received RE allotment already (330 shares). if I buy extra from the market (let’s say 100 shares) can I add that shares (a complete of 430 shares) too whereas submitting the applying kind or do I have to submit a separate software kind for my RE allotment & Market buy?