Karur Vysya Bank (KVB) is to issue Rights equity shares in the ratio of 2:5 (Two rights shares for every 5 shares) held by the shareholders and beneficial owners on the Record date. The price per right share is fixed at Rs. 150/- (i.e. Face value Rs. 10/- with a premium of Rs.140/- per share).
Rights issue Record Date fixed as 18th February 2011 for the purpose of asertaining the shareholders and beneficial owners who are entitled for the Rights Shares.
Rights Issue Opens on 28th Feb 2011
Rights Issue Closes on 15th Mar 2011
Amount to be paid on application is Rs.75 per share
Amount to be paid on allotment is Rs.40 per share
Amount to be paid on final call is Rs.35 per share
Rights application form are likely to reach investors address in next couple of weeks. If they donot receive it, it is wiser to contact the company immediatly, since the time to apply for rights is relatively short.
Do stay in touch with us at easyinvest@gmail.com if you need any assistance.
Note: ITC and Reliance Industries together hold close to 14.9% of total KVB Shares.
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Hi, I am holding KVB and I have received Rights Issue form, Wanted to find out if we can apply online Trading sites like icicidirect.com. Thank you _SBK
ReplyDeletedear sir,
ReplyDeleteI had paid 75rs/-and i got rights on share .I want to know when i must pay the remaining two (i.e, rs 40/-&rs 35).
plz reply me as soon as possible
thanking you,