Everything you need to know about LWS Knitwear Limited Rights Issue

LWS Knitwear Restricted (LWSKNIT) has introduced a rights problem of 96,10,960 fairness shares aggregating as much as Rs. 17.30 crores. The rights problem opens for subscription on December 06, 2024, and closes on December 16, 2024.

Anybody who holds shares of LWS Knitwear Restricted as of November 28, 2024 (report date) might be eligible for receiving Rights Entitlements (REs). These REs might be quickly traded on the inventory exchanges and can then be extinguished. You possibly can both use the REs to use for the rights shares of the corporate or you possibly can promote them out there.

You possibly can examine the announcement from the corporate right here.

You can be eligible to obtain Rights Entitlements (REs) when you’ve purchased the shares on or earlier than November 27, 2024. The ex-date is November 28, 2024.

Rights problem particulars

How one can apply for LWS Knitwear Restricted Rights Problem?

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 beneath strategies;

You possibly can examine 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 problem.

The choice to use for rights shares by the RTAs portal is just not out there for this rights problem.

What’s going to occur to my bought holding of RE shares if I don’t apply for the rights problem?Your REs will lapse and you’ll lose the premium paid to amass them. The RE might be within the type of short-term 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 problem?In case you’ve gotten purchased REs however don’t have shares, you’re nonetheless eligible for the rights problem. You might apply for the rights shares both by the RTA’s portal or by way of web banking ASBA in case your financial institution permits it. In the event you don’t take any motion, and let the REs stay in your Zerodha account, they may lapse after the difficulty.

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