Everything you need to know about Mercury Trade Links Limited Rights Issue 2024

Mercury Commerce Hyperlinks Restricted (MERCTRD) has introduced a rights subject of 1,08,90,000 fairness shares aggregating as much as Rs. 48.95 crores. The rights subject opens for subscription on November 07, 2024, and closes on December 05, 2024.

Anybody who holds shares of Mercury Commerce Hyperlinks Restricted as of October 24, 2024 (document 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’ll be able to promote them out there.

You possibly can examine 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 October 23, 2024. The ex-date is October 24, 2024.

Rights subject particulars

How do you apply forMercury Commerce Hyperlinks Restricted Rights Concern?

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 beneath strategies;

You possibly can examine the applying 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 subject.

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

What’s going to occur to my bought holding of RE shares if I don’t apply for the rights subject?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 subject?In case you may have purchased REs however don’t have shares, you’re nonetheless eligible for the rights subject. It’s possible you’ll apply for the rights shares both by way of the RTA’s portal or through internet 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 Concern and Rights Entitlements right here.