Can an application be made for fewer shares than the total Rights Entitlement?
Can an application be made for fewer shares than the total rights entitlement? |
Yes. An application may be made for a part of the available rights entitlement, subject to the issue terms. The remaining entitlement may be renounced, where permitted, or may lapse if it is neither subscribed nor validly renounced within the prescribed period. Additional Resource: To know more about the rights issue, click on the below link. Know Your Application Options Understand partial subscription, renunciation, and the consequences of unused rights entitlements. Have a question? Email Us: customer.care@jainam.in | Call Us: (0261) 6725555. |