Rights Issues declared companies in India 2003

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 (2003)

• Company	Rights Ratio	FV	Premium	DATE
  				Announcement	Record	Ex-Rights
  Teledata Info	2:1	10	13	05 Sep, 2003	05 Jan, 2004	30 Dec, 2003
  Deccan Gold	20:1	1	0	21 Jan, 2003	30 Dec, 2003	22 Dec, 2003
  Alembic	1:5	10	210	01 Sep, 2003	18 Dec, 2003	10 Dec, 2003
  Saint-Gobain	2:5	10	0	21 Aug, 2002	10 Dec, 2003	02 Dec, 2003
  Digispice Tech	1:1	3	2	18 Dec, 2002	13 Dec, 2003	25 Nov, 2003
  Johnson Control	3:5	10	21	22 Jan, 2003	18 Nov, 2003	11 Nov, 2003
  Sangam India	1:2	10	5	07 Oct, 2003	07 Nov, 2003	30 Oct, 2003
  Ramco System	1:2	10	190	27 Jun, 2003	27 Oct, 2003	21 Oct, 2003
  Dhampur Sugar	4:13	10	0	30 Jun, 2003	20 Oct, 2003	14 Oct, 2003
  Bajaj Electric	1:1	10	15	26 Dec, 2002	20 Sep, 2003	12 Sep, 2003
  Micro Inks	3:5	10	230	30 May, 2003	12 Sep, 2003	04 Sep, 2003
  TCM	1:1	10	0	17 Jan, 2003	18 Jul, 2003	01 Jul, 2003
  Manappuram Fin	1:2	10	0	20 Nov, 2002	12 Jun, 2003	04 Jun, 2003
  PCS	3:5	10	15	28 Oct, 2002	12 May, 2003	06 May, 2003
  Chola Invest.	1:2	10	25	02 Nov, 2002	21 Mar, 2003	11 Mar, 2003
  Jhunjhunu Inv	5:7	10	0	20 Dec, 2002	20 Mar, 2003	28 Feb, 2003
  Shell Infotech	14:10	10	0	20 Dec, 2002	20 Mar, 2003	28 Feb, 2003
  Borax Morarji	1:2	10	3	01 Aug, 2002	06 Mar, 2003	25 Feb, 2003
  ORCHASP	1:2	10	0	17 Jan, 2003	03 Mar, 2003	24 Feb, 2003
  Karnataka Bank	1:2	10	15	23 Aug, 2002	08 Feb, 2003	30 Jan, 2003
  Luharuka Media	2:5	10	0	26 Nov, 2002	06 Feb, 2003	28 Jan, 2003
  Aditya Birla Ch	2:1	10	0	20 Mar, 2002	29 Jan, 2003	20 Jan, 2003
  Chetinad Cem	2:5	10	26	30 Sep, 2002	21 Jan, 2003	13 Jan, 2003