Rights Issues declared companies in India 2011
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 (2011)
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Company Rights Ratio FV Premium DATE Announcement Record Ex-Rights Veljan Denison 1:4 10 0 30 Apr, 2008 05 Oct, 2011 04 Oct, 2011 Bajaj Hindustha 2:1 1 35 30 Apr, 2011 22 Sep, 2011 21 Sep, 2011 Atul Auto 1:4 10 20 25 Jun, 2010 05 Sep, 2011 02 Sep, 2011 Velan Hotels 69:20 10 13 17 Dec, 2010 30 Nov, 1999 08 Aug, 2011 Arvind Intl 6:5 10 4 31 Jan, 2011 02 Aug, 2011 01 Aug, 2011 JK Paper 3:4 10 32 28 Jan, 2011 27 Jul, 2011 26 Jul, 2011 JK Paper 3:4 10 32 15 Jul, 2011 27 Jul, 2011 26 Jul, 2011 El Forge 3:2 10 0 15 Jul, 2010 30 Jun, 2011 29 Jun, 2011 Auto Stampings 5:9 10 42 23 Oct, 2009 10 Jun, 2011 09 Jun, 2011 Wintac 1:3 10 23 18 Mar, 2010 27 May, 2011 26 May, 2011 Muthoot Cap 1:1 10 70 21 May, 2009 25 May, 2011 24 May, 2011 BAMPSL Sec 2:1 1 0 02 Mar, 2010 20 Apr, 2011 19 Apr, 2011 Central Bank 3:5 10 93 29 Jul, 2010 18 Mar, 2011 17 Mar, 2011 State B Bikaner 2:5 10 380 18 Oct, 2010 17 Mar, 2011 16 Mar, 2011 Tulsyan NEC 2:1 10 40 18 Aug, 2009 12 Mar, 2011 10 Mar, 2011 Krypton 17:10 10 5 30 Mar, 2010 11 Mar, 2011 10 Mar, 2011 Arrow Textiles 2:5 10 1 06 Oct, 2010 04 Mar, 2011 03 Mar, 2011 Karnataka Bank 2:5 10 75 30 Jul, 2010 28 Feb, 2011 25 Feb, 2011 EIH 5:11 2 64 23 Sep, 2010 22 Feb, 2011 21 Feb, 2011 Karur Vysya 2:5 10 140 07 Sep, 2010 18 Feb, 2011 17 Feb, 2011 Jyoti Structure 1:8 120 0 15 Feb, 2010 15 Jan, 2011 13 Jan, 2011 KMC Speciality 12:1 1 0 21 Jan, 2010 18 Jan, 2011 06 Jan, 2011