Everything you need to know about Bella Casa Fashion & Retail Limited Rights Issue

Bella Casa Trend & Retail Restricted (BELLACASA) has introduced a rights difficulty of 19,12,500 fairness shares aggregating as much as Rs. 49.92 crores. The rights difficulty opens for subscription on October 30, 2024, and closes on November 14, 2024.

Anybody who holds shares of Bella Casa Trend & Retail Restricted as of October 19, 2024 (file date) might be eligible for receiving Rights Entitlements (REs). These REs might be quickly traded on the inventory exchanges and can then be extinguished. You’ll be able to both use the REs to use for the rights shares of the corporate or you’ll be able to promote them out there.

You’ll be able to examine the announcement from the corporate right here.

You can be eligible to obtain Rights Entitlements (REs) in the event you’ve purchased the shares on or earlier than October 18, 2024. The ex-date is October 19, 2024.

Rights difficulty particulars

How you can apply for Bella Casa Trend & Retail Restricted Rights Situation?

When you both obtain the REs from the corporate or buy them from the market, you’ll be able to apply for the rights shares utilizing the beneath strategies;

You’ll be able to examine the applying course of right here.

You will have to enter your Demat account’s Beneficiary Proprietor ID which is a 16-digit quantity whereas making use of for the rights difficulty.

The choice to use for rights shares via the RTAs portal shouldn’t be accessible for this rights difficulty.

What’s going to occur to my bought holding of RE shares if I don’t apply for the rights difficulty?Your REs will lapse and you’ll lose the premium paid to amass them. The RE might be within the type of momentary demat securities which can lapse if not renounced/exercised as soon as the buying and selling window is closed.

I don’t have the shares however purchased REs, am I nonetheless eligible to use for the rights difficulty?In case you’ve purchased REs however don’t have shares, you’re nonetheless eligible for the rights difficulty. You might apply for the rights shares both via the RTA’s portal or through internet banking ASBA in case your financial institution permits it. If you happen to don’t take any motion, and let the REs stay in your Zerodha account, they may lapse after the difficulty.

You’ll be able to learn extra FAQs on Rights Situation and Rights Entitlements right here.