If you can help me correct my thinking, would appreciate it; I’m an existing shareholder of PP.
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I have got my RE shares in my demat acct today, say 50.
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I dont do anything to the newly credited shares between 8th and 10th Aug
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Through my bank ASBA route, I apply for 50 shares of PP through rights issue page
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Since this is sent to the registrar who knows I’m an existing shareholder, I will definitely get the 50 allotted at Rs 81
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Post Aug 10th, the shares recently added on 8th get extinguished
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Post 16th and a week after, the allotted shares would get credited to my account
Is this correct?
What puzzles me is, can I sell the new RE shares and immediately apply through ASBA and still be guaranteed allotment?
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