Rights issue and Bonus are completely different things. In rights issue, company issue equity and rise capital and in case of Bonus issue, company issue equity freely without rising capital.
All the rights issues are issued at substantial discount to the share price (like upto 50%) but incase of Heritage this is exaggerated to 90% which definitely not a right thing. However, in every rights issue, investors loose money if they are don’t actively participate in it or if they don’t sell the rights equity on time. As an individual investors, its investors responsibility to actively follow the exchange announcements and checking email notifications etc.
Disclosure: Invested
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