Rights Issues declared companies in India 2001

Rights Issue is an invitation to the existing shareholders to purchase the additional shares of the company within a specific period at a discounted price. Unlike IPO, the rights issue is not offered to the general public but only to the existing shareholders in proportion of their existing holdings.

The eligible shareholders can either subscribe for the rights issue partly or fully or can let the rights lapse by not opting to exercise their rights to purchase the additional shares; or can transfer their rights entitlements to other persons. The transfer of rights to other persons can be done by the trading of rights entitlements on a stock exchange similar to equity shares known as 'renunciation of rights issue'.

The rights issue offers benefits to eligible shareholders as it helps them acquire additional shares at a premium compared to the market price. However, one should study the company's performance before subscribing to the issue as unlike bonus shares, the rights issue comes with a price.

All Companies List who Declared Rights Issues (2001)

• Company	Rights Ratio	FV	Premium	DATE
  				Announcement	Record	Ex-Rights
  JIK Industries	3:25	0	0	31 Jul, 2001	24 Dec, 2001	10 Dec, 2001
  Tata Inv Corp	1:5	0	0	15 Jun, 2001	15 Dec, 2001	03 Dec, 2001
  SKF India	4:5	10	15	25 Sep, 2001	30 Nov, 1999	01 Oct, 2001
  Arvind	3:4	10	0	10 May, 2001	16 Oct, 2001	28 Sep, 2001
  Dharamsi Morarj	1:2	10	0	17 Jan, 2001	19 Sep, 2001	03 Sep, 2001
  Gammon India	1:1	10	20	05 Jul, 2001	18 Sep, 2001	03 Sep, 2001
  Tata Motors	1:4	65	0	15 Jun, 2001	30 Nov, 1999	29 Aug, 2001
  TML-D	1:4	65	0	15 Jun, 2001	30 Nov, 1999	29 Aug, 2001
  Alok Industries	1:5	10	90	15 Feb, 2001	12 Mar, 2001	26 Feb, 2001
  Varun Shipping	1:1	10	0	22 Oct, 1999	09 Feb, 2001	22 Jan, 2001