Rights Issue - December 2023

The company offers its shareholders the right to purchase its shares at a discount on a predetermined date known as the record date in a rights entit…

The company offers its shareholders the right to purchase its shares at a discount on a predetermined date known as the record date in a rights entitlement. 

Shareholders are granted Rights Entitlements (RE) by temporarily crediting their Demat accounts with RE, giving them the right to participate in a Rights Issue. Please note that these are Rights Entitlement and not Rights shares. To get the shares, you should apply at their respective Registrar & Transfer Agent (RTA) and convert RE into shares. You should keep in mind that RE is temporary, and until you apply and pay the requisite amount, rights shares won’t be credited to your Demat account.

Here’s the listing for December 2023:

CompanyEx-dateRecord DateRI Price (Rs. per share)RE Trading PeriodLast date to apply for Rights SharesWhere to apply for rights sharesCircular
SEPC Limited28-Nov28-NovINR 1306- Dec to 12- Dec18- DecASBABSE
Asit C Mehta Financial Services Limited15- Dec15- DecINR 151.4415- Nov to 19- Dec22- DecASBABSE

Please note: The value of RE will be zero after the Rights Issue closure date.

RE Trading Period: The Exchange will publish a circular 2 days prior to the issue open date.

How to apply for Rights Issue: The Rights Issue offer is updated with ASBA (Application Supported Blocked Amount). 

  • For the online ASBA process, visit the website of an SCSB (Self-certified Syndicate Bank) and apply.
  • For the offline ASBA process, submit a physical application to participate in the Rights Issue at a designated SCSB. 
  • Here's a list of existing SCSBs.

    For more details on Rights Issue/Rights Entitlement, please refer to BSE FAQs.

    BSE & NSE vide notice number 20210503-41 and NSE/ISC/48165 respectively dated 03-May-2021, has made it mandatory to furnish the unique email addr…

    BSE & NSE vide notice number 20210503-41 and NSE/ISC/48165 respectively dated 03-May-2021, has made it mandatory to furnish the unique email address and mobile number for all the client codes. Common email addresses and mobile numbers are allowed only for family members who have been defined as self, spouse, dependent parents, and dependent children in case of Individual clients, and for Non-Individual/Corporate clients the relationship can be of Authorised Signatory.

    If the client codes linked to common email addresses and mobile numbers are part of the family as defined by the circular, please provide us the Family Declaration Form duly signed and scanned to support@angelone.in

    You can download the Family Declaration Form from here

    In case the mentioned email address and mobile number do not belong to you, you are requested to modify the email address as per the below detailed online process. 

    Click here for the online email address modification process

    Click here for the online mobile number modification process

    Refer: BSE Circular

    As per a recent circular, the name and symbol of Welspun India Ltd. (Scrip code: 514162) will be changed as follows w.e.f 14-Dec-23. Existing Sy…

    As per a recent circular, the name and symbol of Welspun India Ltd. (Scrip code: 514162) will be changed as follows w.e.f 14-Dec-23.

    Existing Symbol New Symbol Existing Name of the CompanyNew Name of the  Company
    WELSPUNINDWELSPUNLIVWelspun India Ltd.Welspun Living Ltd.

    Refer: BSE Circular | NSE Circular

    Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to i…

    Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.

    As per a recent BSE circular, 1 equity share of Teamo Productions HQ Ltd. (Scrip Code: 533048) will be sub-divided into 10 equity shares. The key dates for the same are as follows:

    Company NameSymbolSub-division RatioRecord DateEx-split Date
    Teamo Productions HQ Ltd.TPHQ1:1014-Dec14-Dec

    Refer: BSE Circular 

    A bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the …

    A bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

    As per the recent BSE circular, Safari Industries Ltd. (Scrip Code: 523025) is issuing 1 bonus share for every 1 existing share. The key dates for the Bonus Issue are as follows:

    Company NameSymbolRecord dateEx-Bonus basis from Date 
    Safari Industries Ltd.SAFARIND12-Dec12-Dec

    Refer: BSE Circular

    As per a recent circular, the name and symbol of Sudev Industries Ltd. (Scrip code: 526530) will be changed as follows w.e.f 13-Dec-23. Existing…

    As per a recent circular, the name and symbol of Sudev Industries Ltd. (Scrip code: 526530) will be changed as follows w.e.f 13-Dec-23.

    Existing Symbol New Symbol Existing Name of the CompanyNew Name of the  Company
    SUDINIIRMSUDEV INDUSTRIES LTD.IIRM HOLDINGS INDIA LIMITED

    Refer: BSE Circular

    A dividend is an amount the company pays to its shareholders out of its profits. These regular profit-sharing payment in the form of dividends is a c…

    A dividend is an amount the company pays to its shareholders out of its profits. These regular profit-sharing payment in the form of dividends is a corporate action initiated by the company regularly. 

    As per a recent circular, Bharat Petroleum Corporation Ltd. has announced a dividend payment of Rs. 21 The key dates for the same are as follows:

    Company NameSymbolDividend AmountRecord date
    Bharat Petroleum Corporation Ltd.BPCLRs. 2112-Dec-23

    1. The above changes shall be effective from the ex-date / effective date 

    2. The revised options strike/futures base prices and the lot size on account of adjustment would appear in decimal places and shall be rounded off to the nearest tick size and the lot size shall be rounded off to the nearest integer.

    3. The details of the revised option strike prices, futures prices, lot size and quantity freeze limit wherever applicable, will be informed to members separately via circular one day prior to the ex-date / effective date.

    Refer: BSE Circular

    Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to i…

    Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.

    As per a recent BSE circular, 1 equity share of  (Scrip Code: 526530) will be sub-divided into 2 equity shares. The key dates for the same are as follows:

    Company NameSymbolSub-division RatioRecord DateEx-split Date
    Sudev Industries Ltd.IIRM1:211-Dec11- Dec

    Refer: BSE Circular

    Bonus Issue of Sonata Software Ltd. 

    A bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the …

    A bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

    As per the recent BSE circular, Avantel Ltd. (Scrip Code: 532221) is issuing 1 bonus shares for every 1 existing share. The key dates for the Bonus Issue are as follows:

    Company NameSymbolRecord dateEx-Bonus basis from Date 
    Sonata Software LtdSONATSOFTW12-Dec12-Dec

    Refer: BSE Circular

    A bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the …

    A bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

    As per the recent BSE circular, Avantel Ltd. (Scrip Code: 532221) is issuing 1 bonus shares for every 1 existing share. The key dates for the Bonus Issue are as follows:

    Company NameSymbolRecord dateEx-Bonus basis from Date 
    Sonata Software LtdSONATSOFTW12-Dec12-Dec

    Refer: BSE Circular