You are hereby notified that trading of Rights Entitlements (REs) with respect to the Rights Issue of Vikas EcoTech Limited will commence from December 7, 2021. The last date for trading Rights Entitlements is December 15, 2021. The Rights Issue will close on December 21, 2021, according to its exchange filing.
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 company with symbol VECO-RE1 will be traded in the trade-to-trade segment in demat. The issue price is Rs 1.60 apiece and the face value is Re 1 per equity share. The company said that for every 25 equity shares held by the eligible equity shareholders, he/she will get 12 equity shares.
The record date was November 25, 2021 for the purpose of determining the equity shareholders entitled to receive the Rights Entitlement in the Rights Issue.
To read the NSE circular, click here
To know more on the Rights Issue, click here
To read more about Rights Entitlement, click here