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How to apply for Rights Issue of Arvind Fashions Limited?

Posted On : 2020-07-13 15:03:32( TIMEZONE : IST )

How to apply for Rights Issue of Arvind Fashions Limited?

The Board of Directors of Arvind Fashions Limited ["the Company"] have considered and approved the fund raising proposal through Rights Issue. The details of the rights issue including the terms, ratio and how to pay online are given below.

Rights Issue - Arvind Fashions Limited
Issue Size 3,99,79,347 equity shares of face value of INR 4 each for amount aggregating to ~INR 399.79 Crore (assuming full subscription).
Issue Price Rs. 100 per fully paid-up equity share (including a premium of INR 96 per Equity Share)
On application Rs. 100
Rights Entitlement Ratio 62 Rights Equity Shares for every 91 existing fully-paid shares held by Eligible Equity Shareholders as on the Record Date. (62:91)
Record Date Wednesday, March 18, 2020
Issue opens on Monday, June 29, 2020
Issue closes on Friday, July 17, 2020
Equity Capital before rights issue 5,86,79,364 Equity Shares of [face value of INR 4 each]
Equity Capital after rights issue 9,86,58,711 Equity Shares of [face value of INR 4 each]

How to apply for the rights issue online?

To make the payment through R-WAP click on this link -

Key in data under Shareholders Details tab

- Select the Company Name from the drop down
- Select DP/Client ID or Folio Number or Renouncee
- Input the PAN Number as per PAN card
- Resident Type should be Resident Indian
- Enter your mobile number
- Enter a valid e-mail id

Investment Details tab

The shareholder name, number of shares held as on record date and number of shares entitled will be pre-filled.

Enter the application number if you have it.

Enter the number of shares you want to apply.

The application amount will be pre-filled based on the number shares entered.

Enter the details on Bank Details tab

- Select either Net Banking or UPI as per your fund transfer option
- Select the name of the bank from the drop down
- Enter the IFSC code of the bank
- Enter the Name of the account holder
- Select the account type (Single / Joint)
- Enter the Bank account number
- Re-enter the Bank account number

Shares of Arvind Fashions Ltd. was last trading in BSE at Rs. 157.10 as compared to the previous close of Rs. 169. The total number of shares traded during the day was 36,467.

The stock hit an intraday high of Rs. 169 and intraday low of Rs. 157.10.

Source : Equity Bulls