Rights Issues declared companies in India 2012
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 (2012)
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Company Rights Ratio FV Premium DATE Announcement Record Ex-Rights City Union Bank 1:4 1 19 31 Jan, 2012 23 Nov, 2012 22 Nov, 2012 TV18 Broadcast 41:11 2 18 03 Jan, 2012 17 Sep, 2012 14 Sep, 2012 Network 18 127:50 5 25 03 Jan, 2012 12 Sep, 2012 11 Sep, 2012 EIH Assoc Hotel 5:9 10 90 28 Mar, 2012 12 Sep, 2012 11 Sep, 2012 Bajaj Finserv 1:10 5 645 16 May, 2012 08 Sep, 2012 06 Sep, 2012 Uttam Sugar 12:25 10 12 05 Nov, 2011 07 Sep, 2012 05 Sep, 2012 Sun Pharma Adv 1:7 1 66 14 Jul, 2011 30 Nov, 1999 23 Aug, 2012 Suditi Ind 1:1 10 0 13 Nov, 2010 25 Jul, 2012 24 Jul, 2012 Suditind 1:1 10 0 13 Nov, 2010 25 Jul, 2012 24 Jul, 2012 National Oxygen 3:5 10 40 27 Jul, 2011 27 Jun, 2012 26 Jun, 2012 Mahindra EPC 3:5 10 30 12 Nov, 2011 03 May, 2012 02 May, 2012 Arihant Super 1:2 10 2 19 Apr, 2012 02 May, 2012 30 Apr, 2012 Neuland Lab 5:12 10 35 07 Jul, 2011 23 Mar, 2012 21 Mar, 2012 LGB Forge 1:2 1 2 30 Sep, 2011 21 Mar, 2012 20 Mar, 2012 Gayatri Project 1:1 10 110 21 Jan, 2011 23 Feb, 2012 22 Feb, 2012 Arrow Greentech 1:1 10 0 04 Sep, 2009 11 Feb, 2012 09 Feb, 2012 Fame India 58:100 10 34 19 Apr, 2011 25 Jan, 2012 24 Jan, 2012 Aarey Drugs 2:1 10 15 17 Dec, 2009 20 Jan, 2012 19 Jan, 2012