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EX (date)= The date from which rights are excluded. If you bought the share on or after EX date you are not entitlled to rights, instead the seller is entitlled to the rights.keeper wrote:Any one tell me meaning of this words please,Regarding to Right issues,
Date EX
Dispatch of Provisional Letter of Allotment
Rights Trading Commences
Renunciation
Thanks for you hapu.....K.Haputantri wrote:EX (date)= The date from which rights are excluded. If you bought the share on or after EX date you are not entitlled to rights, instead the seller is entitlled to the rights.keeper wrote:Any one tell me meaning of this words please,Regarding to Right issues,
Date EX
Dispatch of Provisional Letter of Allotment
Rights Trading Commences
Renunciation
(Date of) Dispatch of Provisional Letter of Allotment.= The date on which the letter of entitlement for rights (based on the number of shares held on EX date) and other relevant documents are posted.
Rights Trading Commences.= Once you receive your docs you can deposit your rights and trade it. For this you have to fill-up the form of renunciation and return immediately as the sale begins in few days. The date of rights trading is given in the documents. If you do not want to sell your rights you can make payment on the due date and get the shares.
Renunciation.= You can refuse to accept either the whole of your entitlements or part of it depending on your decision. In that case you have to sign the renunciation form and returen as appropriate.
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