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We would like to inform you the trading of Rights Entitlements (REs) with respect to the Rights Issue of two companies have opened. The two companies are Beardsell Limited and Shivam Autotech Limited.
Details of the Offer
| Company Name | Beardsell Limited | Shivam Autotech Limited |
| Symbol | BEARD-RE | SHIVAM-RE |
| ISIN | INE520H20014 | INE637H20016 |
| Face Value | Rs 2 per equity share | Rs 2 per equity share |
| No. of Rights Entitlements | 93,66,336 shares | 2,22,10,933 shares |
| Issue Size | Up to Rs 936.63 lakh | Up to Rs 400 crore |
| Issue price | Rs 10 per equity share | Rs 18 per equity share |
| Issue opening date | Dec 31, 2021 | Dec 31, 2021 |
| Date of suspension of RE | Jan 11, 2022 | Jan 24, 2022 |
| Issue closing date | Jan 14, 2022 | Jan 28, 2022 |
| Rights Entitlement ratio | 1:3 | 2:9 |
| Market lot | 1 | 1 |
In case of Beardsell, the Rights Entitlement ratio is 1:3, which means you will get one equity share for every three shares held by existing shreholders at a discount to current market price.
You are informed that the purchase of REs only gives you the right to participate in the ongoing Rights Issue of the company by making an application with requisite application money or renounce the REs before the issue closes.
REs which are neither subscribed nor renounced, on or before the issue closing date shall lapse and will be extinguished after the issue closing date.
To read the NSE notification circular, click here
To read the offer letter of Beardsell, click here
To read other document related to the Rights Issue of Beardsell, click here and scroll down to the Rights Issue section at the bottom of the website.
To read the offer letter of Shivam Autotech, click here
To access other documents related to the Rights Issue of Shivam Autotech, click here