What is rights issue of Aurum?
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What is rights issue of Aurum?
Aurum PropTech Limited is coming up with Right Issue of the face value of ₹5 each, for an amount of ₹4.29 Crores (‘Base Issue Size’) with an option to retain oversubscription up to ₹343.56 Crores. The issue opens on Apr 26, 2022 and closes for subscription on May 10, 2022.
How do I apply rights issue of Aurum Proptech?
Go to the ‘Rights Issue’ section. Select Aurum Proptech Rights Issue from the dropdown. Enter Demat Account Number. Fill the online application form.
Is it good to invest in Aurum Proptech?
Is Aurum Proptech Ltd a good quality company? Past 10 year’s financial track record analysis by Moneyworks4me indicates that Aurum Proptech Ltd is a below average quality company.
What is Aurum re be in Zerodha?
(AURUM) will issue Right Entitlements (RE’s) to anyone who holds its shares as of April 14, 2022 (record date). You will be eligible to receive Rights Entitlements (REs) if you have bought the shares on or before April 11, 2022.
How can I buy Aurum rights in Zerodha?
How do I apply for a rights issue at Zerodha?
- *Cheque/DD details (non ASBA)
- Select NSDL – if your DP starts with IN. Select CDSL if the DP ID is completely numeric.
- Your PAN number. If you have a joint account then fill in the PAN of the second holder.
- Fill your DP details.
- Your signature.
What happens in a rights issue?
A rights issue is an invitation to existing shareholders to purchase additional new shares in the company. This type of issue gives existing shareholders securities called rights. With the rights, the shareholder can purchase new shares at a discount to the market price on a stated future date.
How do you buy rights issue?
ASBA/Net banking process
- Investors can visit their brokerage account online, go to the ASBA services option.
- Select the IPO/FPO/BUYBACK option that will show all the Rights issues available.
- Fill in the quantity you want to buy and submit the application.
- Check the terms and conditions box.
Is Aurum Proptech and Majesco same?
Originally a Mastek subsidiary, Majesco had listed on stock exchanges in 2014 as an insurance-technology services provider. When shareholders approve Majesco’s name change at its annual general meeting on September 6, 2021, it will be rechristened Aurum Proptech.
Is Aurum Proptech is debt free?
The Company is Virtually Debt Free. The Company has been maintaining a healthy Dividend Yield of 491.54%.
Can I buy rights entitlement?
One of the key benefits of RE is that anyone can buy the rights (shares) of a company from the secondary market. Suppose you are a shareholder of Airtel, holding 10 shares. Then you are not eligible for the right issue. In such a case, you can buy the right from the secondary market.
Can I sell my rights entitlement?
The Investors may renounce the Rights Entitlements, credited to their respective demat accounts by trading/selling them on the secondary market platform of the Stock Exchanges through a registered stock broker in the same manner as trading / selling Equity Shares of the Company.
Who owns Aurum PropTech?
Promoters’ stake in Aurum PropTech rises to 50.34% post rights-issue. “This fresh infusion of capital will further institutionalise adoption of technology in the real estate sector,” said Ashish Deora, Founder and Chief Executive Officer of Aurum Ventures, the holding…
What happened in Aurum PropTech?
Pursuant to Regulation 30 of the LODR Regulations, kindly note that the Board of Directors of Aurum PropTech Limited (“the Company”) at its meeting held on May 26, 2022, has approved the acquisition of 100% of the shareholding in Blink Advisory Services Private Limited, a data analytics company based out of Delhi.
Why do companies issue rights?
Why Issue a Rights Offering? Companies most commonly issue a rights offering to raise additional capital. A company may need extra capital to meet its current financial obligations. Troubled companies typically use rights issues to pay down debt, especially when they are unable to borrow more money.
