Trading of Rights Entitlements pursuant to Rights Issue of Som Distilleries & Breweries Limited

We would like to inform you that the trading of Rights Entitlements (REs) with respect to the Rights Issue of Som Distilleries & Breweries Limited will open on January 17, 2022. The Rights Issue closes on January 31, 2022.

Details of the Offer

Name of the CompanySom Distilleries & Breweries Limited
Display nameSom Distill & Brew Ltd- Rights Entitlement
Security DescriptionTrading of Rights Entitlement pursuant to Rights Issue
No. of Rights Entitlements49,84,568
Face Value Rs 5 per equity share
Issue Price Rs 35 per equity share
Issue Open DateJanuary 17, 2022
Issue Close Date January 31, 2022
Last date for renunciation of REJanuary 25, 2022
Market lot1

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. The last date for market renunciation January 25, 2022.

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.

So, you as an eligible shareholder are requested to ensure that renunciation through off-market transfer is completed in such a manner that the Rights Entitlements are credited to the demat account of the renouncees on or prior to the issue closing date.

To read the NSE circular on the company’s Rights Issue, click here 

To read Som distilleries offer letter on the Rights Issue, click here

To read more about Rights Issue and its benefits, click here