-where to apply
-how and when to pay
-when the shares are allocated
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@dewminigamlath wrote:Further, I want to know whether anyone not holding a company's shares can apply for a rights issue...?
If so, what is the meaning of XR date (like XD date in dividend payments)...?
@dewminigamlath wrote:This is about CRL rights issue. One of my friends has bought 1000 @ 1.70 without knowing that it expires today. Since he could not sell them today, will he have to pay for them @ Rs.50 or can he just dispose the rights without converting (bearing the loss)...?
@dewminigamlath wrote:Thanks rijayasooriya.
Related to my last post;
If he decides to convert the rights into normal shares, he has to pay @ Rs.50. But, after that, will CRL price drop further or just stay on current level (since it already fell after the announcement of rights issue)...?
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