I am sorry for appearing to be a noob here, but my understanding is as follows (which is most certainly not fully accurate and please guide me whenever I am erroneous)
1- Warrants are initially allotted to shareholders as per their respective shareholding in the company. For eg: If I own 10 shares, I get 10 rights to subscribe to additionally shares @Rs5 (instead of current market price of 330rs). Assume total outstanding shares as 100 shares and promoters own 50 shares
2- I approach the registrar and I pay Rs 50 (₹5*10 shares) to subscribe to 10 additional shares
3- Now suppose the other 40 shareholders are not active and are not aware of this rights issue. They don’t subscribe to the rights and it goes unexercised. Hence 40 shares are unexercised
4- As per the disclosure, promoters will exercise these 40 shares completely at Rs5 per share instead of Rs 330 (current market price). While I am not diluted, the other inactive shareholders are and promoters increase their shareholding at throwaway price.
5- Is there anyway I can get access to these 40 rights which are unexercised or will the promoters gobble up everything? I understand that rights are issued as per shares owned, but what do I need to do to gobble up these rights and ensure promoters don’t get everything (I am sorry for wording it in that way but this is essentially what the promoters are doing).
6- Basically will these unexercised 40 rights be exercised completely by promoters (who own 50% of company) or will these 40 rights be again offered to shareholders who have exercised their rights and distributed in proportion to their shareholding (ensuring that both the promoters and the active shareholders enjoy the discounted price of the warrants).
Thanks a lot and pardon my ignorance again 
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