For example :Renuka Holding right issue is under going. Their Xright date was 26 November.
Trade commencement date of Right is 8 December
Date of renouncing to CSE 15 th December
Last date of acceptance and payment 16th.
Since Covid19 all documents are exchanged over online platforms. Directfn provides Rights buy sell at 20 cents, 30cent, 40cent etc.
What is the meaning of above dates?
If you buy RHL. R0000 stocks 1000 nos at 30 cents what is next?
You can pay for 1000 right shares with Buying power?
Though you bought 1000 rights at 30 cents if you missed to pay what will happen?
Thanks in advance