Avonmore Capital & Management Services rights issue

As per the ratio of 5:24, the issue price of the shares under Avonmore Capital & Management Services’s right issue on the record date of 12-12-2024 is 10 per equity share.

You can apply for Avonmore Capital & Management Services’s right issue online if your bank supports the Applications Supported by Blocked Amount (ASBA) process.
For offline, Avonmore Capital & Management Services’s Registrar and Transfer Agent (RTA) sends the Composite Application Form (CAF) to each shareholder entitled to receive the Rights Issue. Fill out and submit the form to a Self-Certified Syndicate Bank (SCSB) branch (WEB).
Alternatively, you can use your bank account sharing the same PAN number as your Choice Demat account to apply for Avonmore Capital & Management Services's rights issue.

The record date for Avonmore Capital & Management Services rights issue 2024 is 12-12-2024

The last day to apply for Avonmore Capital & Management Services’s rights issue is 12-12-2024. This date typically falls within a period of 15 to 30 days, from the Rights Issue Opening Date, which in this case is 30-05-2024.

Yes, subscribing to Avonmore Capital & Management Services’s right issue has certain tax implications:

1. Subscription: There’s no immediate tax liability. The cost of acquisition is the subscription price plus transaction charges.
2. Capital Gains on Sale:
   • Short-Term: Gains from shares sold within 12 months are taxed at 20%.
   • Long-Term: Gains from shares held over 12 months are taxed at 12.5% (exceeding ₹1.25 lakh annually).
3. Renunciation:
   • Selling rights entitlement attracts capital gains tax.
   • Gifted rights have no immediate tax but may impact the recipient later.
4. Dividend Income: Taxed at the shareholder's applicable slab rate.

You may consult a tax professional or review the latest tax laws for specific advice.