All the pieces You Have to Know In regards to the Som Distilleries & Breweries Rights…

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Som Distilleries & Breweries (SDBL) will difficulty Rights Entitlements (REs) to anybody who holds its shares as of January 3, 2022 (document date). You can be eligible to obtain Rights Entitlements (REs) when you have purchased the shares on or earlier than December 30, 2021. The ex-date is December 31, 2021.

These REs can be briefly traded on the inventory exchanges and can then be extinguished. You possibly can both use the REs to use for the rights shares of Som Distilleries & Breweries or you possibly can promote them out there. You possibly can verify the announcement from the corporate here.

Problem Particulars

Ex-date December 31, 2021
Report Date January 3, 2022
Ratio 1:13
Problem Value ₹ 35 per share
Problem Interval January 17, 2022 to January 31, 2022
RE Buying and selling Interval January 17, 2022 to January 25, 2022
Tentative date of credit score February 10, 2022
Tentative date of itemizing February 11, 2022

How to apply for the Som Distilleries & Breweries Rights Issue?

Once you either receive the REs from the company or purchase them from the market, you will need to apply for the rights shares using Netbanking ASBA. You can check the process in this post.

You can also apply for rights shares through the website of the Registrar and Transfer agent. The web site won’t be totally stay till the difficulty opens for the subscription.

You will want to enter your demat account’s Beneficiary Owner ID which is a 16-digit quantity whereas making use of both on the RTA’s web site or by means of your financial institution.

What will happen to my purchased holding of RE shares if I do not apply for the rights issue?

Your REs will lapse and you will lose the premium paid to acquire them. The RE will be in the form of temporary demat securities which will lapse if not renounced/exercised once the trading window is closed.

I don’t have the shares but bought REs, am I still eligible to apply for the rights issue?

In case you have bought REs but don’t have shares, you’re still eligible for the rights issue. You may apply for the rights shares either through the RTA’s portal or via net banking ASBA if your bank allows it. If you don’t take any action, and let the REs remain in your Zerodha account, they will lapse after the issue.

You can read more FAQ’s on Rights Issue and Rights Entitlements here.

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