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 Company||Som Distilleries & Breweries Limited|
|Display name||Som Distill & Brew Ltd- Rights Entitlement|
|Security Description||Trading of Rights Entitlement pursuant to Rights Issue|
|No. of Rights Entitlements||49,84,568|
|Face Value||Rs 5 per equity share|
|Issue Price||Rs 35 per equity share|
|Issue Open Date||January 17, 2022|
|Issue Close Date||January 31, 2022|
|Last date for renunciation of RE||January 25, 2022|
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