I was seeking some guidance to understand what’s the most effective way of utilizing the upcoming Rights Entitlement (RE) for UPL.
Supposedly if someone owns 80 shares of UPL then with 1:8 ratio they will be entitled for 8 RE shares and basis their holding average, they can decide whether to encash the REs during trading days or use them to receive additional shares at lower price.
What would be the short term and long term scenario for an investor and trader both with the current market price? Can someone please throw some light?
Thank you!
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