Corporate Actions
Bonus, mergers, stock splits and more
The right issue is a corporate action where a company offers its existing shareholders right to buy additional shares at a discounted rate. This helps the shareholders to increase their ownership in the company and allows the company to raise capital.
📅 Important Dates & Terms in a Rights Issue:
🗓️ Record Date
The Record Date is the cut‑off day set by a company to decide which shareholders will receive a Right Entitlements.
📤 Bid/Offer Opens On
From this day, Right shares (Entitlements) are tradeable and shareholders can start to place subscription requests by the link provided by RTA.
🔁 Renunciation of Rights Entitlements
The Right shares (Entitlements) will be non-tradeable in the open market.
📥 Bid/Offer Closes On
This date refers to the last date to apply/subscribe to the Right share (Entitlements).
📆 Deemed Date of Allotment
A tentative timeline of allotment for the applied/subscribed Right shares (Entitlements).
💼 Credit Date
After allotment, by this date, the shares will be credited to your demat account.
📈 Listing Date
By the Listing Date, the applied/subscribed Right issue (Entitlements) quantities will be listed, and only once listed, it will reflect under your portfolio.
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