Rights Issues declared companies in India 2005
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 (2005)
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Company Rights Ratio FV Premium DATE Announcement Record Ex-Rights Future Ent DVR 1:5 10 490 25 Aug, 2005 15 Dec, 2005 15 Dec, 2005 Agro Dutch Ind 1:1 10 15 01 Jun, 2005 19 Dec, 2005 12 Dec, 2005 Priyadarshini 3:5 10 15 14 Mar, 2005 13 Dec, 2005 06 Dec, 2005 Ceat 3:10 10 40 23 Sep, 2005 09 Dec, 2005 02 Dec, 2005 Ramco System 1:4 10 200 01 Aug, 2005 02 Dec, 2005 25 Nov, 2005 Hindalco 1:4 1 95 20 Sep, 2005 28 Nov, 2005 21 Nov, 2005 Filmcity Media 9:100 1 0 29 Aug, 2005 21 Oct, 2005 14 Oct, 2005 Schneider Pres 1:5 10 30 16 Jun, 2005 30 Nov, 1999 14 Sep, 2005 Lakshmi Prec 2:3 10 40 15 Feb, 2005 30 Nov, 1999 12 Sep, 2005 Ajmera Realty 1:2 10 10 17 Jun, 2005 14 Sep, 2005 06 Sep, 2005 Dolphin Medical 3:1 10 2 30 May, 2005 30 Nov, 1999 29 Aug, 2005 Century Extr 35:12 1 0 27 Sep, 2003 30 Nov, 1999 17 Aug, 2005 Tilaknagar Ind 1:2 10 10 28 Jan, 2005 29 Jul, 2005 22 Jul, 2005 Comfort 3:2 10 0 30 Sep, 2004 30 Nov, 1999 18 Jul, 2005 Sphere Global 1:2 10 0 25 Oct, 2004 25 Jul, 2005 18 Jul, 2005 GV Films 7:10 1 0 11 Apr, 2005 13 Jul, 2005 06 Jul, 2005 Gati 1:2 10 44 06 Nov, 2004 04 Jul, 2005 27 Jun, 2005 Piramal Enter 1:10 2 173 12 Mar, 2005 30 Nov, 1999 24 Jun, 2005 Andhra Paper 1:1 10 85 12 Mar, 2005 30 Nov, 1999 22 Jun, 2005 Hinduja Found 14:10 10 50 25 Jan, 2005 21 Jun, 2005 14 Jun, 2005 JMC Projects 3:2 10 35 18 Feb, 2005 13 Jun, 2005 06 Jun, 2005 Trent 1:10 900 0 25 Jan, 2005 06 May, 2005 29 Apr, 2005 Oudh Sugar Mill 3:4 10 40 27 Jan, 2005 06 May, 2005 29 Apr, 2005 Lakshmi Vilas 7:10 10 45 28 Jan, 2005 06 May, 2005 29 Apr, 2005 Bata India 1:4 10 44 07 Oct, 2004 25 Apr, 2005 13 Apr, 2005 Bal Pharma 3:5 10 20 03 Aug, 2004 15 Apr, 2005 07 Apr, 2005 Southern Iron 23:10 10 0 22 Dec, 2004 19 Mar, 2005 14 Mar, 2005 Saregama India 4:7 10 35 23 Dec, 2004 14 Mar, 2005 04 Mar, 2005 Sirpur Paper 4:5 10 80 21 Dec, 2004 04 Mar, 2005 25 Feb, 2005 ING Vysya Bank 3:1 10 35 15 Dec, 2004 28 Feb, 2005 21 Feb, 2005 Shalimar Prod 37:100 1 0 23 Oct, 2004 28 Jan, 2005 19 Jan, 2005 Karnataka Bank 2:1 10 10 09 Nov, 2004 20 Jan, 2005 13 Jan, 2005