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Right Entitlement (RE) gives a right to a company’s existing shareholders to buy right shares in the proportion of their shareholding. Right Entitlements are issued in a separate ISIN in a Demateralized form. To be an eligible shareholder to subscribe to the right issue, one must have company’s equity shares as on the record date.
Right shares are issued in a proportion to existing equity shares such as 1:3 right entitlement ratio means a company issues 1 right equity share for every 3 fully paid-up equity shares held as on the record date. Right shares are issued at a discounted price compared to the share’s current market price.
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