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Dear Friends,

I have few questions regarding Airtel Rights Issue.

1. Can I apply for more shares other than the number of RE transferred to my account? Let say I have been allotted 35 REs, Can I apply for 500.

2. How retail category for rights issue will be considered?
Eg. 500 x 133.75 should be less than 200000 Rs.
or 500 x 535 should be less than 200000 Rs.

3. While bidding at what price should I bid. i.e can I bid for 134 instead of 133.75.

Your response will be highly valuable.

Regards

@NitinNikhil Ji, Yes you can buy 500 RE shares in open market. You should spend 500×197=98500. This can be possible on or before 14th. Finally you got 500 RE shares. All 500 RE is available in your Demat a/c. Now after 14th, before 21st you should pay Rights price to 500 RE shares. (500*133.75 =66875) + (35×133.75 = 4681.25).