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echaos's Comments

2 Comments

2. echaos

| Link|August 13, 2020 7:51:28 PMReply

Hi Experrts

i have a doubt on over subscription , this RI is over subscribed by 1.3 times , so does that mean i ll get only 500/1.3 shares , as i only have 500 RE shares in my demat by 11th.

Also technically how can rights issues be oversubscribed , as its only for entitled people so it can be 1 time or less than than.

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2.4. NforNandkishor

| Link|August 18, 2020 8:35:48 PM

new shares will be traded with same name and same isin. There will be nothing like RE shares

2.5. Thiagarajan Ramasamy

| Link|August 19, 2020 3:26:08 PM

In any Rights Issue Original Shareholders can apply for additional shares after fully applying for their entitlement. Additional allotment will be subject to availability . However those who bought RE in Market can not apply for additional shares as far as I know. May be rules changed now.

1. echaos

| Link|August 19, 2020 2:24:09 PMReply

I have received the allotment for 500 shares , but its present as M&MFIN RE in my demat not as old M&MFIN share.