Rapid Investments rights issue
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Login Rapid Investments Right Issue Details
Record Date
18-Sep-2024
Price
₹90
Ratio
25:39
Face Value
10
Rapid Investments has announced a Rights Issue to raise funds. The record date for this issue is 18-Sep-2024, while the issue price has been set at ₹90 per share. The rights ratio stands at 25:39, meaning eligible shareholders will receive the right to apply for additional shares in this proportion to their existing holdings. Each share carries a face value of ₹10.
Upcoming Rights Issue Of Shares
View More| Company | Rights Ratio | Announcement | Record Date | Rights Date |
|---|---|---|---|---|
| Krishival Foods Ltd. | 45:301 | 26-Nov-2025 | 17-Dec-2025 | 17-Dec-2025 |
Rapid Investments FAQs
The subscription period for Rapid Investments’s rights issue is 24-04-2024 to 17-09-2024. The record date will be 18-09-2024. The subscription window period is usually 15 to 30 days.
As per the ratio of 25:39, the issue price of the shares under Rapid Investments’s right issue on the record date of 18-09-2024 is 90 per equity share.
You can apply for Rapid Investments’s right issue online if your bank supports the Applications Supported by Blocked Amount (ASBA) process.
For offline, Rapid Investments’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 Rapid Investments's rights issue.
For offline, Rapid Investments’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 Rapid Investments's rights issue.
The record date for Rapid Investments rights issue 2024 is 18-09-2024
The last day to apply for Rapid Investments’s rights issue is 17-09-2024. This date typically falls within a period of 15 to 30 days, from the Rights Issue Opening Date, which in this case is 24-04-2024.
Yes, subscribing to Rapid Investments’s right issue has certain tax implications:
- Subscription: There’s no immediate tax liability. The cost of acquisition is the subscription price plus transaction charges.
- 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).
- Renunciation:
- Selling rights entitlement attracts capital gains tax.
- Gifted rights have no immediate tax but may impact the recipient later.
- Dividend Income: Taxed at the shareholder's applicable slab rate.
