Everything you need to know about Integra Essentia Limited Rights Issue

Integra Essentia Restricted (ESSENTIA) has introduced a rights subject of 15,36,24,538 fairness shares aggregating as much as Rs. 49.93 crores. The rights subject opens for subscription on June 11, 2024, and closes on June 25, 2024.

Anybody who holds shares of Integra Essentia Restricted as of June 01, 2024 (report date) might be eligible for receiving Rights Entitlements (REs). These REs might be briefly traded on the inventory exchanges and can then be extinguished. You’ll be able to both use the REs to use for the rights shares of the corporate or you may promote them available in the market.

You’ll be able to verify the announcement from the corporate right here.

You’ll be eligible to obtain Rights Entitlements (REs) for those who’ve purchased the shares on or earlier than Might 31, 2024. The ex-date is June 01, 2024.

Rights subject particulars

Find out how to apply for Integra Essentia Restricted Rights Concern?

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’ll be able to verify the appliance course of right here.

You will want 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 just isn’t accessible for this rights subject.

What is 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 amass them. The RE might be within the type of short-term 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 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 through web 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’ll lapse after the problem.

You’ll be able to learn extra FAQs on Rights Concern and Rights Entitlements right here.