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What is Split request in right issue?

When a company’s existing shareholder is not interested to apply in the right issue then he has the right to renounce his right entitlement to other either partly or fully. In case of partly renunciation of right entitlement, individual have to make a split request to partly renounce his right share entitlement. The split application forms are available with merchant bankers, stock exchanges, and brokers.

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