Rights Issues declared companies in India 2004

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 (2004)

• Company	Rights Ratio	FV	Premium	DATE
  				Announcement	Record	Ex-Rights
  Kaira Can	1:18	10	90	03 Sep, 2003	27 Dec, 2004	20 Dec, 2004
  Dewan Housing	4:10	10	25	26 Jul, 2004	03 Dec, 2004	25 Nov, 2004
  United Interact	6:1	10	0	22 Jan, 2004	27 Oct, 2004	19 Oct, 2004
  SI Group	3:4	10	18	29 May, 2004	15 Oct, 2004	07 Oct, 2004
  Varun Shipping	1:2	10	8	17 Mar, 2004	28 Sep, 2004	21 Sep, 2004
  CESC	1:8	10	50	09 Feb, 2004	17 Sep, 2004	10 Sep, 2004
  GIC Housing Fin	1:2	10	6	21 Jun, 2004	30 Nov, 1999	10 Sep, 2004
  Spanco	1:1	10	15	24 Dec, 2003	30 Nov, 1999	09 Sep, 2004
  Futura	4:9	10	0	07 May, 2004	30 Nov, 1999	07 Sep, 2004
  TV 18	1:12	10	150	25 Jun, 2004	27 Aug, 2004	18 Aug, 2004
  Gold Rock Inves	3:1	10	0	31 May, 2004	02 Sep, 2004	18 Aug, 2004
  United Brewerie	6:5	100	0	17 Oct, 2003	27 Aug, 2004	18 Aug, 2004
  Vijay Inds	3:1	10	32	29 Mar, 2004	21 Aug, 2004	13 Aug, 2004
  Mawana Sugar	1:4	10	0	05 Apr, 2004	13 Aug, 2004	05 Aug, 2004
  Bharat Forge	1:20	10	550	19 Jan, 2004	30 Nov, 1999	20 Jul, 2004
  South Ind Bk	1:3	10	30	04 Nov, 2003	23 Jul, 2004	15 Jul, 2004
  Balrampur Chini	12:100	10	250	30 Jan, 2004	30 Nov, 1999	15 Jul, 2004
  Sterlite Ind	1:2	5	545	24 Dec, 2003	23 Jul, 2004	15 Jul, 2004
  Centurion Bank	2:5	1	3	26 Mar, 2004	23 Jul, 2004	15 Jul, 2004
  Mah Corporation	2:1	10	0	12 Mar, 2004	28 Jul, 2004	15 Jul, 2004
  Navin Fluorine	1:1	10	50	22 Dec, 2003	30 Nov, 1999	28 Jun, 2004
  Dewan Housing	1:1	10	5	18 May, 1994	16 Jun, 1994	20 May, 2004
  Moschip Tech	6:55	10	25	03 Dec, 2003	08 May, 2004	30 Apr, 2004
  Texmaco Infra	1:1	10	20	08 Nov, 2003	02 Apr, 2004	24 Mar, 2004
  Chola Invest.	1:2	10	45	08 Dec, 2003	25 Mar, 2004	17 Mar, 2004
  Electrolux Kel	8:7	10	0	24 May, 2002	12 Mar, 2004	04 Mar, 2004
  Guj Alkali	3:5	10	3	02 Mar, 2003	15 Jan, 2004	07 Jan, 2004
  Mukand	9:4	10	0	30 Jul, 2003	09 Jan, 2004	01 Jan, 2004