Selling RE:
For selling rights entitlement one can use the demat account where its shown as Sandur-RE.
Why to sell ? if you want to exit and make money on your entitlements as RE is quoting around 800-900/share.
Subscribing to Rights issue:
I found it easy to do it via ASBA route , if you have accounts with banks link sbi, Axis etc where you apply for IPO, look for Sandur and apply like you apply for IPO. I find no option in any of the demat providers to subscribe its only there with bank sites as demat guys dont have the ASBA option.
Why to subscribe ? Company is allotting at 10/- share when it was quoting 2000+ , who wants to miss it ? either subscribe or sell the RE dont stay inactive and loose out.
Quantity :
You are eligible to apply for 2x the quantity that you hold.
Dates:
8-aug to 29-Aug-2022.
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