Arunjyoti Bio Ventures Restricted (ABVL) has introduced a rights challenge of 1,65,67,200 fairness shares aggregating as much as Rs. 33.13 crores. The rights challenge opens for subscription on March 26, 2024, and closes on April 08, 2024.
Anybody who holds shares of Arunjyoti Bio Ventures Restricted (ABVL). as of March 12, 2024 (file date) shall be eligible for receiving Rights Entitlements (REs). These REs shall be briefly 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’ll be able to promote them out there.
You possibly can test the announcement from the corporate right here.
You’ll be eligible to obtain Rights Entitlements (REs) if you happen to’ve purchased the shares on or earlier than March 11, 2024. The ex-date is March 12, 2024.
Rights challenge particulars
Subject Interval
March 26, 2024 – April 08, 2024
RE Buying and selling Interval
March 26, 2024 – April 02, 2024
RE Image
ABVL-RE
Subject Value
Rs. 20 per share
Ratio
8:1
EX-date
March 12, 2024
File Date
March 12, 2024
Tentative Date of Allotment for rights shares
April 18, 2024
Tentative Date of Credit score of rights shares
April 22, 2024
Tentative Date of Itemizing for rights shares
April 24, 2024
The way to apply for Arunjyoti Bio Ventures Restricted Rights Subject?
When you both obtain the REs from the corporate or buy them from the market, you’ll be able to apply for the rights shares utilizing the beneath strategies;
You possibly can test 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 challenge.
The choice to use for rights shares by the RTAs portal is just not accessible for this rights challenge.
What’s going to occur to my bought holding of RE shares if I don’t apply for the rights challenge?Your REs will lapse and you’ll lose the premium paid to amass 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 challenge?In case you’ve gotten purchased REs however don’t have shares, you’re nonetheless eligible for the rights challenge. You might 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. For those who don’t take any motion, and let the REs stay in your Zerodha account, they may lapse after the difficulty.
You possibly can learn extra FAQs on Rights Subject and Rights Entitlements right here