Rights Issues declared companies in India 2007

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 (2007)

• Company	Rights Ratio	FV	Premium	DATE
  				Announcement	Record	Ex-Rights
  UB Engineering	5:13	10	116	02 Mar, 2007	26 Dec, 2007	17 Dec, 2007
  Nandan Denim	1:2	1	2	30 Jan, 2007	19 Dec, 2007	12 Dec, 2007
  Exide Ind	1:15	1	29	28 Aug, 2007	17 Dec, 2007	10 Dec, 2007
  Spectacle	6:1	10	0	30 Jan, 2006	14 Dec, 2007	07 Dec, 2007
  Federal Bank	1:1	10	240	12 Feb, 2007	26 Nov, 2007	19 Nov, 2007
  HOEC	2:3	10	107	20 Jul, 2007	30 Nov, 1999	15 Nov, 2007
  ITD Cementation	1:1	10	415	21 May, 2007	06 Nov, 2007	30 Oct, 2007
  Tata Steel	1:5	10	290	17 Apr, 2007	05 Nov, 2007	29 Oct, 2007
  Sakthi Finance	1:2	10	0	23 Apr, 2007	31 Oct, 2007	24 Oct, 2007
  DIC India	1:3	10	215	18 Apr, 2007	26 Oct, 2007	19 Oct, 2007
  Federal-Mogul	29:100	10	135	27 Aug, 2007	24 Sep, 2007	17 Sep, 2007
  Orbit Exports	1:1	10	0	05 Apr, 2006	30 Nov, 1999	13 Sep, 2007
  Chola Invest.	3:8	10	130	24 Jan, 2007	18 Sep, 2007	11 Sep, 2007
  Dion Global	1:2	10	0	22 Feb, 2006	05 Sep, 2007	29 Aug, 2007
  GTL Infra	1:1	10	0	02 Jan, 2007	27 Jul, 2007	20 Jul, 2007
  Kanpur Plast	1:2	10	10	11 Dec, 2006	30 Nov, 1999	17 Jul, 2007
  Birla Machining	5:7	10	23	28 Apr, 2005	06 Jul, 2007	28 Jun, 2007
  Orient Paper	3:10	10	350	25 May, 2007	15 Jun, 2007	08 Jun, 2007
  Shalimar Prod	27:100	1	0	22 Feb, 2006	09 Jun, 2007	04 Jun, 2007
  Info Drive Soft	4:1	10	2	26 Dec, 2006	19 May, 2007	14 May, 2007
  Trent	1:5	10	490	02 Aug, 2006	15 May, 2007	08 May, 2007
  SSPDL	2:1	10	8	20 Aug, 2005	03 May, 2007	24 Apr, 2007
  Auto Corp Goa	3:10	10	465	26 Jul, 2006	28 Feb, 2007	21 Feb, 2007
  LG Balakrishnan	1:9	101	0	20 Mar, 2006	31 Jan, 2007	22 Jan, 2007
  Vimal Oils	3:5	10	15	20 Apr, 2006	29 Jan, 2007	19 Jan, 2007
  Uniproducts	1:1	10	30	07 Oct, 2005	15 Jan, 2007	08 Jan, 2007