Rights Issues declared companies in India 2010
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 (2010)
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Company Rights Ratio FV Premium DATE Announcement Record Ex-Rights Gemmia Oiltech 4:1 10 0 28 Aug, 2009 08 Nov, 2010 04 Nov, 2010 Murudeshwar Cer 1:1 10 10 06 May, 2010 20 Oct, 2010 19 Oct, 2010 State Bk Mysore 3:10 10 530 31 Oct, 2009 04 Sep, 2010 02 Sep, 2010 Rohit Ferro Tec 2:5 10 50 07 Jan, 2010 20 Aug, 2010 18 Aug, 2010 Camlin Fine 3:5 10 6 01 Dec, 2009 02 Aug, 2010 30 Jul, 2010 GOCL Corp 1:3 2 30 25 Jun, 2009 30 Nov, 1999 27 Jul, 2010 Trent 4:9 10 540 14 Jun, 2010 10 Jul, 2010 08 Jul, 2010 Sadbhav Engg 1:20 10 715 27 Mar, 2009 17 Jun, 2010 16 Jun, 2010 Suzlon Energy 2:15 2 61 29 May, 2010 10 Jun, 2010 09 Jun, 2010 Rei Agro 2:1 1 19 09 Sep, 2009 08 Jun, 2010 07 Jun, 2010 Comfort 1:1 1 3 15 Oct, 2009 03 Jun, 2010 02 Jun, 2010 ECE Industries 1:1 10 90 31 Oct, 2008 28 May, 2010 26 May, 2010 Premier Energy 1:1 10 10 29 Oct, 2009 07 May, 2010 06 May, 2010 Adani Enterpris 1:16 1 474 30 Oct, 2009 25 Mar, 2010 23 Mar, 2010 Videocon Ind 2:9 10 215 31 Oct, 2009 30 Nov, 1999 18 Mar, 2010 Tulive Develop 127:64 10 0 13 Jan, 2010 19 Mar, 2010 05 Mar, 2010 TV18 Broadcast 3:10 2 92 24 Sep, 2009 04 Mar, 2010 03 Mar, 2010 Intellivate Cap 5:1 10 40 21 Aug, 2009 03 Mar, 2010 02 Mar, 2010 Andhra Paper 3:11 10 40 31 Jul, 2009 24 Feb, 2010 23 Feb, 2010 Arihant Super 59:1 10 0 24 Sep, 2009 05 Mar, 2010 19 Feb, 2010 Jayshree Chem 9:2 10 5 01 Aug, 2009 18 Feb, 2010 17 Feb, 2010 SML Isuzu 19:50 10 190 19 Mar, 2009 10 Feb, 2010 09 Feb, 2010 Hinduja Found 7:13 10 40 19 Jun, 2009 04 Feb, 2010 03 Feb, 2010 Religare Enterp 2:3 10 345 30 Oct, 2008 18 Jan, 2010 15 Jan, 2010