Rights Issues declared companies in India 2009
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 (2009)
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Company Rights Ratio FV Premium DATE Announcement Record Ex-Rights Infomedia Press 3:2 10 24 11 Apr, 2009 21 Dec, 2009 18 Dec, 2009 City Union Bank 1:4 1 5 30 Jun, 2009 13 Nov, 2009 12 Nov, 2009 Lakshmi Vilas 1:1 10 44 14 May, 2009 25 Sep, 2009 24 Sep, 2009 TV 18 1:2 5 84 13 May, 2009 22 Sep, 2009 18 Sep, 2009 Impex FerroTech 1:1 10 6 28 May, 2007 30 Nov, 1999 17 Sep, 2009 Ironwood Edu. 61:100 10 40 11 Dec, 2008 30 Nov, 1999 16 Sep, 2009 Perfect Pack 1:1 10 15 30 Jun, 2008 30 Nov, 1999 11 Sep, 2009 Morarjee Text 1:1 10 5 23 Feb, 2009 30 Nov, 1999 11 Sep, 2009 Tinplate 3:2 10 35 16 Jan, 2009 10 Sep, 2009 09 Sep, 2009 Greenply Ind 3:10 5 85 07 Mar, 2009 08 Sep, 2009 07 Sep, 2009 Fortis Health 2:5 10 100 24 Dec, 2008 20 Aug, 2009 18 Aug, 2009 Siti Networks 109:100 1 18 04 Aug, 2009 30 Nov, 1999 13 Aug, 2009 Siti Networks 109:100 1 18 20 Aug, 2008 30 Nov, 1999 13 Aug, 2009 Piramal Glass 7:2 10 20 20 Jan, 2009 30 Nov, 1999 11 Aug, 2009 JMC Projects 1:5 10 100 16 Jul, 2009 30 Nov, 1999 24 Jul, 2009 Nouveau Global 3:2 10 0 29 Sep, 2007 21 Jul, 2009 14 Jul, 2009 Sundaram Brake 9:20 10 112 06 Feb, 2009 21 May, 2009 14 May, 2009 Syncom Formula 1:2 10 7 01 Sep, 2008 20 May, 2009 13 May, 2009 High Energy 1:1 10 90 13 Dec, 2008 14 May, 2009 07 May, 2009 Alok Industries 83:40 10 1 03 Jan, 2009 25 Mar, 2009 18 Mar, 2009 Chemplast Sanma 2:3 1 4 23 Feb, 2009 24 Mar, 2009 17 Mar, 2009 Gangotri Iron 4:5 10 10 16 Apr, 2008 20 Mar, 2009 13 Mar, 2009 Capri Global 2:1 10 0 17 Dec, 2007 20 Feb, 2009 13 Feb, 2009 Jamshri 1:1 10 0 25 Aug, 2008 11 Feb, 2009 04 Feb, 2009