You are hereby notified that trading of Rights Entitlements (REs) with respect to the Rights Issue of The Indian Hotels Company Limited has commenced from November 24, 2021. The last date for trading Rights Entitlements is December 2, 2021.
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. The issue closing date is December 8, 2021, according to its filing.
The company with symbol IHCL-RE will be traded in the trade-to-trade segment in demat. The issue price is Rs 150. So, if you are holding shares in the company, then for every nine shares held, you will receive 1 share when you subscribe to the rights issue.
To read the NSE circular, click here
To read more about Rights Entitlement, click here
To check the Rights Issue, click here
To read the offer letter, click here