I received this email, and today I got shares in my demat account. But please, someone can explain to me in simple terms what is that means. , Piramal Pharma Ltd. has announced a Rights Issue of 5 (Five) Equity Shares of Rs.10/- each for cash at a premium of Rs.71/- per Share on Rights Basis for every 46 (Forty Six) Equity Shares held as of the record date of August 2, 2023
The company will issue Right Entitlements (RE’s) to anyone who holds its shares on the record date. These RE’s will be temporarily traded on the stock exchanges and will then be extinguished. You can either use the RE’s to apply for the rights shares of the company or you can sell them in the market.
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