Inventure Progress and Securities Restricted (INVENTURE) has introduced a rights subject of 21,00,00,000 fairness shares aggregating as much as Rs. 48.93 crores. The rights subject opens for subscription on July 15, 2024, and closes on August 13, 2024.
Anybody who holds shares of Inventure Progress and Securities Restricted as of July 05, 2024 (file date) can be eligible for receiving Rights Entitlements (REs). These REs can 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 possibly can promote them out there.
You’ll be able to examine the announcement from the corporate right here.
You may be eligible to obtain Rights Entitlements (REs) should you’ve purchased the shares on or earlier than July 04, 2024. The ex-date is July 05, 2024.
Rights subject particulars
Situation Interval
July 15, 2024 – August 13, 2024
RE Buying and selling Interval
July 15, 2024 – August 07, 2024
RE Image
INVENTURE-RE
Situation Worth
Rs. 2.33 per share
Ratio
1:4
EX-date
July 05, 2024
Document Date
July 05, 2024
Tentative Date of Allotment for rights shares
August 21, 2024
Tentative Date of Credit score of rights shares
August 26, 2024
Tentative Date of Itemizing for rights shares
August 28, 2024
Methods to apply for Inventure Progress and Securities Restricted Rights Situation?
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’ll be able to examine 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 means of the RTAs portal is just not out there 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 can be within the type of non permanent 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’ve purchased REs however don’t have shares, you’re nonetheless eligible for the rights subject. You could apply for the rights shares both by means of 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’ll lapse after the problem.
You’ll be able to learn extra FAQs on Rights Situation and Rights Entitlements right here.
