Everything you need to know about Inventure Growth and Securities Limited Rights Issue

Inventure Development and Securities Restricted (INVENTURE) has introduced a rights challenge of 21,00,00,000 fairness shares aggregating as much as Rs. 48.93 crores. The rights challenge opens for subscription on July 15, 2024, and closes on August 13, 2024.

Anybody who holds shares of Inventure Development and Securities Restricted as of July 05, 2024 (report date) will likely be eligible for receiving Rights Entitlements (REs). These REs will likely 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 possibly can promote them available in the market.

You may test the announcement from the corporate right here.

You can be eligible to obtain Rights Entitlements (REs) in the event you’ve purchased the shares on or earlier than July 04, 2024. The ex-date is July 05, 2024.

Rights challenge particulars

The way to apply for Inventure Development and Securities Restricted Rights Concern?

When you both obtain the REs from the corporate or buy them from the market, you possibly can apply for the rights shares utilizing the under strategies;

You may test the applying course of right here.

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

The choice to use for rights shares by the RTAs portal will not be obtainable for this rights challenge.

What is going to occur to my bought holding of RE shares if I don’t apply for the rights challenge?Your REs will lapse and you’ll lose the premium paid to amass them. The RE will likely be within the type of momentary 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 challenge?In case you may have purchased REs however don’t have shares, you’re nonetheless eligible for the rights challenge. You might apply for the rights shares both by the RTA’s portal or by way of internet banking ASBA in case your financial institution permits it. Should 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 Concern and Rights Entitlements right here.