Rights Issues declared companies in India 2018
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 (2018)
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Company Rights Ratio FV Premium DATE Announcement Record Ex-Rights Capital India 4:5 10 62 25 Jul, 2018 19 Dec, 2018 18 Dec, 2018 Emerald Leasing 127:100 10 0 14 Feb, 2017 30 Nov, 2018 29 Nov, 2018 Hind Constr 49:100 1 9 05 Sep, 2018 22 Nov, 2018 20 Nov, 2018 Shalimar Paints 3:2 2 63 23 May, 2018 09 Nov, 2018 06 Nov, 2018 Max Ventures an 67:66 10 51 11 Jun, 2018 22 Jun, 2018 21 Jun, 2018 Hatsun Agro 1:16 1 554 06 Dec, 2017 01 Jun, 2018 31 May, 2018 Dhani Services 3:16 2 238 21 Sep, 2017 12 Feb, 2018 09 Feb, 2018 Elpro Int 9:40 1 31 25 Jul, 2017 09 Feb, 2018 08 Feb, 2018 Tata Steel 4:25 10 500 19 Dec, 2017 01 Feb, 2018 31 Jan, 2018 Piramal Enter 1:23 2 2378 12 Oct, 2017 01 Feb, 2018 31 Jan, 2018 Tata Steel 2:25 10 605 20 Dec, 2017 01 Feb, 2018 31 Jan, 2018 Scanpoint Geo 127:127 2 15 14 Dec, 2016 19 Jan, 2018 18 Jan, 2018