1) The company "Bodal Chemicals" had issues Right Issue back in Feb 28 2008
http://www.bseindia
This is what BSE-India says:
1. The Board of Directors has approved final Letter of Offer for Right Issue. The terms and conditions of Right Issue are as follows
- Issue Size: Rs 10.40 Crores
- No of Equity Shares: 52,01,352
- Entitlement Ratio: 1 Equity Share with 1 Detachable Warrant for every 2 equity shares held on Record date.
- Issue Price: Rs 20/- per share (including Rs 10/- premium per share)
- Each Detachable warrant is exchangeable into 1 Equity Share of face value of Rs 10/- each for cash at a premium of Rs 10/- per share.
- Warrant Conversion Period: February 01, 2009 to February 28, 2009.
2) I had applied for and got 420 "Rights", and saw them for a while in my Anand Rathi Account. However they were listed separately (they were not added to the BodalChem share total).
3) In Feb 2009 the company converted the Rights into something.
http://www.bseindia
This is what BSE-india says:
Bodal Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 10, 2009, inter alia, has transacted the following business
The Board of Directors has allotted 42,30,634 Equity Shares of Rs 10 each fully paid at a premium of Rs 10/- per share, in pursuance of warrant conversion option i.e. 1 warrant converted into 1 equity share of Rs 10/- each fully paid at a premium of Rs 10/- per share during 1st to 28th February 2009, as per terms of Letter of Offer (Right Issue), dated February 26, 2008.
Further the Company has informed that, the Company had allotted 52,01,352 detachable warrants with equity shares as per terms of Right Issue on May 24, 2008. The Company has received 42,30,634 detachable warrants for conversion into 42,30,634 equity shares from warrant holders during 1st to 28th February 2009. Un-exercised warrants i.e. 9,70,718 were lapsed / cancelled after February 28, 2009.
4) After this the Rights disappeared from my AnandRathi account. I sent a e-mail to the account rep back in Aug 2009 and never heard anything back.
In this above scenario, what can i do to get my money back(i.e. 8400/-) i paid to get these Rights. Will i get anything back at this stage since its almost a year since they converted these Rights. Since i did not convert the rights, what happened to them? Did the Company cancelled them or are they sitting in some account? Thanks in advance for your response.
--
Thanks & Best Regards,
Naveen Sequeira
Happy Trading,
United we grow!!!
No comments:
Post a Comment