Rights Issues declared companies in India 2015
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 (2015)
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Company Rights Ratio FV Premium DATE Announcement Record Ex-Rights Ashima 24:10 10 0 07 Mar, 2015 02 Nov, 2015 30 Oct, 2015 ILandFS Trans 1:3 10 80 26 Aug, 2015 08 Oct, 2015 07 Oct, 2015 Kingfa Science 127:127 10 260 12 May, 2015 30 Nov, 1999 22 Sep, 2015 Universal Cable 1:2 10 41 31 Mar, 2015 18 Sep, 2015 16 Sep, 2015 Everlon Synth 6:7 1 0 20 Oct, 2014 30 Nov, 1999 07 Sep, 2015 Deccan Gold 1:2 1 16 19 Nov, 2014 05 Sep, 2015 03 Sep, 2015 Vascon Engineer 14:19 10 5 20 Oct, 2014 24 Jun, 2015 23 Jun, 2015 Mack Trading 2:5 10 0 11 Aug, 2014 22 May, 2015 21 May, 2015 Tata Motors 6:109 2 448 27 Jan, 2015 30 Nov, 1999 06 Apr, 2015 TML-D 6:109 2 448 27 Jan, 2015 30 Nov, 1999 06 Apr, 2015 Zee Media 3:10 1 17 20 Oct, 2014 17 Mar, 2015 16 Mar, 2015 GMR Infra 3:14 1 14 16 Sep, 2014 12 Mar, 2015 11 Mar, 2015 State Bk Travan 1:5 10 390 26 Mar, 2014 04 Mar, 2015 03 Mar, 2015 Can Fin Homes 3:10 10 440 24 Jul, 2014 27 Jan, 2015 23 Jan, 2015