There are two ways in which you can get the Rights Entitlement:
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Your own REs will be credited to you from Monday. So if you own 1000 shares, you will get 1000 REs automatically. The Price for this will be the Rights Issue price.
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There will be a limited window for RE trading. Those who don’t want to exercise their REs sell it instead in the open market. These REs have their own ISIN code and trade as a separate security on the exchanges (I assume Heritage Foods will share this detail when the time comes). You can buy additional REs here if you want. But these will likely trade closer to the CMP.
Once you have all the REs (Ones you are automatically entitled to + Ones you purchase from open market), you can convert them to Shares via Internet Banking. The Zerodha link above has more details on this.
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