Rights Issues declared companies in India 2002
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 (2002)
-
Company Rights Ratio FV Premium DATE Announcement Record Ex-Rights Pentagon Global 2:3 10 0 03 Aug, 2002 30 Nov, 1999 02 Dec, 2002 K K Fincorp 5:11 10 0 21 Oct, 2002 02 Dec, 2002 13 Nov, 2002 Remi Securities 5:14 10 0 21 Oct, 2002 02 Dec, 2002 13 Nov, 2002 Bajrang Finance 5:12 10 0 21 Oct, 2002 02 Dec, 2002 13 Nov, 2002 Shalimar Prod 30:100 10 0 25 Aug, 2002 05 Nov, 2002 28 Oct, 2002 Karur Vysya 1:1 10 50 01 Apr, 2002 28 Oct, 2002 21 Oct, 2002 Singer India 1:1 10 0 13 Dec, 2001 02 Jul, 2002 24 Jun, 2002 Ballarpur Ind 8:10 10 28 18 Feb, 2002 15 May, 2002 06 May, 2002 Netlink Sol 1:1 10 0 27 Mar, 2002 15 May, 2002 24 Apr, 2002 Kopran 1:2 10 30 24 Dec, 2001 28 Mar, 2002 13 Mar, 2002 Megasoft 2:5 10 15 28 Sep, 2001 26 Feb, 2002 13 Feb, 2002 Mindteck 1:25 10 15 31 Aug, 2001 19 Feb, 2002 06 Feb, 2002 Dhanlaxmi Bank 4:3 10 5 02 Jun, 2001 16 Feb, 2002 04 Feb, 2002 SQL Star 3:10 10 0 07 Nov, 2001 21 Jan, 2002 09 Jan, 2002
