Everything you need to know about Integra Essentia Limited Rights Issue

Integra Essentia Restricted (ESSENTIA) has introduced a rights difficulty of 15,36,24,538 fairness shares aggregating as much as Rs. 49.93 crores. The rights difficulty opens for subscription on June 11, 2024, and closes on June 25, 2024.

Anybody who holds shares of Integra Essentia Restricted as of June 01, 2024 (document date) can be eligible for receiving Rights Entitlements (REs). These REs can be quickly traded on the inventory exchanges and can then be extinguished. You may both use the REs to use for the rights shares of the corporate or you’ll be able to promote them out there.

You may verify the announcement from the corporate right here.

You’ll be eligible to obtain Rights Entitlements (REs) should you’ve purchased the shares on or earlier than Could 31, 2024. The ex-date is June 01, 2024.

Rights difficulty particulars

The best way to apply for Integra Essentia Restricted Rights Problem?

When you both obtain the REs from the corporate or buy them from the market, you’ll be able to apply for the rights shares utilizing the under strategies;

You may verify the appliance course of right here.

You will want to enter your Demat account’s Beneficiary Proprietor ID which is a 16-digit quantity whereas making use of for the rights difficulty.

The choice to use for rights shares by means of the RTAs portal just isn’t accessible for this rights difficulty.

What is going to occur to my bought holding of RE shares if I don’t apply for the rights difficulty?Your REs will lapse and you’ll lose the premium paid to amass them. The RE can be within the type of non permanent demat securities which can lapse if not renounced/exercised as soon as the buying and selling window is closed.

I don’t have the shares however purchased REs, am I nonetheless eligible to use for the rights difficulty?In case you’ve purchased REs however don’t have shares, you’re nonetheless eligible for the rights difficulty. You might apply for the rights shares both by means of the RTA’s portal or by way of web banking ASBA in case your financial institution permits it. In case you don’t take any motion, and let the REs stay in your Zerodha account, they are going to lapse after the problem.

You may learn extra FAQs on Rights Problem and Rights Entitlements right here.