Rights Issues in 2024

A rights issues is like a special offer given to existing shareholders of a company. It allows them to buy more shares at a discounted price, but only within a specific time frame.

Existing shareholders can choose to buy some or all of the extra shares offered, or they can ignore the offer and let it expire. They can even sell their rights to someone else, which is called a “renunciation of rights issue.”

This type of offer is different from an Initial Public Offering (IPO) because it’s only for current shareholders, not the general public.

Participating in a rights issue can be a good deal because it lets shareholders buy more shares at a cheaper price than what’s usually available. But, it’s important to look at how well the company is doing before deciding whether to take part.

List Of Rights Issues in 2024

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Please Note:

• When a company offers a rights issue, existing shareholders have the option but not the obligation to buy more shares at a discounted price.
• To be eligible for the rights issue, you need to be a shareholder of the company on the record date.
• If you decide to fully subscribe to the rights issue, you can also choose to buy additional shares beyond your entitlement.
• Rights entitlements (RE) have a different code than regular shares when traded.
• You can choose to partly subscribe to the rights issue and transfer the rest to other investors through trading rights entitlements.
• However, if you transfer your rights entitlements, neither party can opt for additional shares beyond what was originally allocated.
• Trading of rights entitlements usually closes a few days before the rights issue.

FAQs about Rights Issues